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Trader sentiment is turning bullish ahead of the U.S. Federal Reserve's interest rate decision, according to an analysis by CryptoQuant. Data indicates that as BTC reclaimed the $70,000 level, a significant volume of short positions were liquidated, while new long positions are being established above $73,000. CryptoQuant noted that the market's positioning has completely reversed, with long positions now overwhelmingly dominating the perpetual futures market.

An anonymous whale has accumulated $190 million worth of BTC over the past two weeks. The wallet, identified by the address bc1qm..., recently withdrew another 217.7 BTC from Binance. Since March 3, the entity has withdrawn a total of 2,634.7 BTC from the exchange at an average purchase price of $70,805. At current prices, this position represents an unrealized profit of $9.05 million.

Tether partner Antalpha deposited 1,700 XAUT ($8.46 million) into Singaporean custody firm Cobo, according to Onchain Lens.

Grayscale has deposited 6,511 ETH, worth approximately $15.08 million, to Coinbase Prime, according to data from Arkham.

Bitcoin infrastructure provider Maestro has launched Mezzanine, a credit market product for institutional investors based on Bitcoin mining, Cointelegraph reported. The product aims to expand financing options for miners by providing a new way to raise capital using mining output as collateral. It is designed to connect miners in need of capital with institutional investors seeking to earn returns on Bitcoin, creating an on-chain market tied to mining expansion rather than protocol staking rewards.

The U.S. Commodity Futures Trading Commission (CFTC) has issued a no-action letter regarding the self-custodial cryptocurrency wallet service Phantom, according to a media outlet. This decision indicates that the commission does not consider self-custodial wallet services, where users directly manage their own private keys and assets, to be traditional financial intermediaries or brokers. As a result, Phantom can likely continue to offer its services without undergoing complex broker registration procedures or meeting the associated regulatory compliance obligations.

A group of U.S. Democratic lawmakers is pushing for legislation to prohibit betting on prediction markets for events susceptible to insider trading, such as potential military operations in Venezuela and Iran. According to CoinDesk, the bill would outlaw wagers on events like government actions, terrorism, war, or assassinations by individuals who might have advance knowledge of the outcomes through inside information. The proposed ban would also extend to bets on cultural events, such as the Super Bowl halftime show performer or award ceremony winners, where insiders could possess privileged information.

A dispute over profit distribution within a Chinese cryptocurrency hacking group has led to the public exposure of its operations and methods, according to local media. A disgruntled team member revealed that the organization, operating under the guise of a security firm called Wuhan Anxun Science and Technology, stole approximately $7 million (over 9 billion won) in crypto assets through supply chain attacks. The report states their primary target was Trust Wallet, and their techniques included using automated tools to mass-collect mnemonic phrases and reverse-engineering plugins.

The Arbitrum Foundation announced on its official blog that the Ethereum (ETH) Layer 2 network surpassed 2.1 billion cumulative transactions as of the end of last year. Additionally, more than 1,000 projects have been built on Arbitrum. The foundation added that the total value locked (TVL) on the network has reached approximately $20 billion, with the stablecoin supply approaching $10 billion.

A group of U.S. regional banks is developing a tokenized deposit platform called Cari Network on the Ethereum (ETH) Layer 2 network zkSync, CoinDesk reported. The platform is designed to convert customer deposits into digital tokens, enabling them to be transferred freely between institutions without leaving the banking system. Banks participating in the development include Huntington Bancshares, First Horizon, M&T Bank, KeyCorp, and Old National Bancorp. The Mid-Size Bank Coalition of America has also expressed its support for the project.

Nasdaq-listed company SharpLink (Nasdaq: SBET), which strategically invests in Ethereum, announced on its official X account that it has generated 15,464 ETH in cumulative staking rewards since beginning its strategic accumulation of the asset. This is equivalent to approximately $36 million. The company added that it earned over $1.1 million from staking its ETH holdings last week, highlighting that its ETH continuously generates more ETH, which it described as the unique strength of Ethereum. SharpLink is known to currently hold approximately 863,424 ETH.

Tether, the issuer of the world's largest stablecoin USDT, has announced the launch of the world's first cross-platform LoRA fine-tuning framework for Microsoft's BitNet (1-bit LLM). According to Tether, this feature is part of QVAC Fabric. It significantly reduces memory and computational requirements, enabling the fine-tuning of language models with billions of parameters on general-purpose hardware such as laptops, GPUs, and smartphones. QVAC is Tether's proprietary local AI agent.

Cryptocurrency market maker GSR announced it has acquired Autonomous and Architech for $57 million. Autonomous is a firm that supports the launch, financing, and operations of crypto projects, while Architech is a consulting firm specializing in token issuance and liquidity strategy. GSR explained that the acquisition gives it the ability to support the entire lifecycle of token-based projects, from their inception to expansion. The company added that its enhanced capabilities will allow it to offer tokenized organizations an integrated model covering foundation structure, governance design, token economics, fundraising and exchange strategies, and long-term capital planning. Additionally, GSR will provide institutional trading, derivatives, and asset management services through its existing regulated entities.

The three major U.S. stock indices opened higher today. - S&P 500: +0.66% - Nasdaq: +0.63% - Dow Jones: +0.93%

Injective (INJ), a Layer 1 blockchain focused on DeFi, announced on its official X account the launch of native USDC on the Injective mainnet. The project has also integrated Circle's Cross-Chain Transfer Protocol (CCTP) to support cross-chain USDC transfers.

Decentralized cryptocurrency exchange Aster (ASTER) has announced the launch of its proprietary Layer 1 blockchain, Aster Chain, via its official X account. The team explained that Aster Chain, which is specialized for derivatives trading, will be rolled out in phases. The chain's genesis block was activated today, with partnership announcements expected tomorrow. Public staking for ASTER token holders is set to launch later this week, followed by ecosystem expansion, the Aster Code Partner Program, and brand and UI upgrades. According to the announcement, the new chain features an average block generation time of 50ms and can process 100,000 transactions per second. It also has no gas fees and enables privacy features by default, with all orders encrypted in a zero-knowledge verifiable manner. Aster added that while the blockchain is public, a new era of verifiable privacy has begun.

AI and privacy-focused altcoins are posting significant gains amid a Bitcoin-led market recovery, Decrypt reported. Experts have noted that capital is rotating into narrative coins with tangible utility rather than memecoins. Andri Fauzan Adziima, a senior researcher at Bitrue, said the decline in Bitcoin's market dominance below 59% signals a growing appetite for risk. He pointed to gains over the past week, with TAO up 37%, RENDER up 25%, and FET up 53%. Adziima added that privacy coins like Monero (XMR) and Zcash (ZEC) have also rallied, driven by demand for confidential data processing in AI applications. However, PrimeXBT senior analyst Jonathan Landin cautioned that the recent Bitcoin rally has occurred on declining spot trading volume, suggesting weaker buying momentum than the breakout attempt on March 4.

The crypto-based prediction market Polymarket is pricing in a 30% chance that the U.S. Federal Reserve (Fed) will cut its benchmark interest rate by 25 bp this year, the highest probability among all options. The platform shows a 23% probability for both rates remaining unchanged and a 50 bp cut. A 75 bp cut is seen as having a 12% chance. The total contract volume for this prediction market is currently around $10 million.

Major U.S. bank Citigroup has lowered its 12-month price target for Bitcoin from $143,000 to $112,000. The bank also revised its target for Ethereum (ETH) down from $4,304 to $3,175. According to CoinDesk, a recent Citigroup report cited delays in U.S. legislation, slowing network activity, and diminished expectations for ETF inflows as reasons for the downgrade. The report noted that the likelihood of a U.S. crypto regulation bill passing this year is decreasing and that overall market momentum has weakened since Bitcoin's peak last October. Citigroup said it revised its forecast due to futures liquidations, position fatigue, technical weakness, and reduced ETF buying power. However, the report outlined a bullish scenario where BTC could reach $165,000 and ETH could hit $4,488. In a bearish scenario driven by a recession, BTC could fall to $58,000 and ETH to $1,198. According to CoinMarketCap, BTC is currently trading at $73,705.09, down 0.12%, while ETH is at $2,314.96, up 1.52%.

A surge in realized profits among short-term Bitcoin holders is absorbing upward momentum before a full-scale rebound can begin, according to an analysis by Glassnode. The on-chain analytics firm noted that as the price of BTC surpassed $74,000 this week, the realized profit for these holders soared to $18.4 million per hour, based on a 12-hour moving average. Glassnode added that this aligns with a pattern observed throughout February, when continuous profit-taking by short-term holders around the $70,000 mark similarly dampened upward momentum.

Ethena announced via X that WalletConnect Pay now supports USDe.

The Bhutanese government transferred 377 BTC, valued at $27.87 million, to an external address over the past three hours, according to Lookonchain.

Ripple announced on its official website that it plans to expand its investment in the Brazilian market and apply for a Virtual Asset Service Provider (VASP) license with the Central Bank of Brazil (BCB). The company emphasized that Brazil is one of the world's fastest-growing financial markets, where Ripple is positioning itself as the sole solution provider for services ranging from cross-border payments and digital asset custody to prime brokerage and treasury management. Through more aggressive investment, Ripple aims to promote regulatory compliance and long-term growth within the Brazilian market, the company added.

Cypherpunk Technologies, a digital asset financial firm backed by the Winklevoss twins, announced a net profit of $4.8 million for 2025, a significant turnaround from the $67.8 million net loss recorded in the previous year. The company attributed the profit to $50.4 million in unrealized fair value gains on its ZEC holdings, which are marked-to-market at year-end, as well as reductions in research, development, and general administrative expenses following staff cuts. As of March 12, Cypherpunk holds 294,743.10 ZEC at an average cost basis of $335.89, representing approximately 1.78% of the total circulating supply on the Zcash network.

Mastercard has announced it will acquire stablecoin infrastructure startup BVNK for up to $1.8 billion. According to Bloomberg, the two companies said in a statement today that the deal includes $300 million in contingent payments. BVNK had previously been in acquisition talks with Coinbase for around $2 billion, but the negotiations were halted last November.