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Bitcoin is struggling to break out of a range between $60,000 and $75,000 following the recent conflict in Iran, Bloomberg reported. While BTC has performed better than stocks or gold since the conflict, it remains more than 40% below its peak from last October. Wintermute analyst Jasper De Maere noted that despite Bitcoin's rise, bearish sentiment is prevailing, with open interest increasing while funding rates turn negative. He added that lower trading volumes compared to the end of last year make the asset vulnerable to price volatility. Similarly, Andreja Cobeljic, head of derivatives trading at Swiss-based crypto bank Amina, said BTC lacks the momentum for further gains and could see another decline after a temporary relief rally. Bloomberg added that market attention is shifting from cryptocurrencies to commodities and real assets like crude oil and aluminum, which it referred to as "Old Economy Assets."

Although Bitcoin is showing signs of a rebound, the bear market phase does not appear to be over as liquidity has not fully recovered, Bitget CEO Gracy Chen said on X. She noted that while many are asking whether to buy now that BTC has recovered to $74,000, she has previously emphasized the $60,000 to $70,000 range as suitable for dollar-cost averaging (DCA). However, Chen stated that this is not the range to invest all available funds, adding that she personally plans to go "all-in" if BTC falls below $50,000. She advised that while buying now is acceptable, investors should not panic if a 20-30% drop follows. Chen stressed the importance of doing one's own research (DYOR) rather than investing based on others' opinions.

The U.S. Securities and Exchange Commission (SEC) has dropped its lawsuit against Nader Al-Naji, founder of the decentralized social media platform BitClout, Cointelegraph reports. The move was formalized in a joint stipulation of dismissal filed with the U.S. District Court for the Southern District of New York. The SEC originally sued Al-Naji in 2024, alleging he had raised $257 million through the sale of BitClout's native token, BTCLT, while falsely claiming the funds would not be used to pay team member salaries. Cointelegraph noted that the SEC has been retracting its previously hardline stance against cryptocurrency firms under the second Trump administration.

BTC perp long/short ratios on top exchanges by open interest The following are the 24-hour long/short ratios for BTC perpetual futures on the world’s three largest crypto futures exchanges by open interest: Overall: 51.94% long, 48.06% short - Binance: 54.01% long, 45.99% short - OKX: 53.71% long, 46.29% short - Bybit: 51.87% long, 48.13% short

One in four Gen Z Australians invests in cryptocurrency, according to a survey by the Australian Securities and Investments Commission (ASIC), Cointelegraph reported. The survey found that 23% of Gen Z hold crypto, with 29% of those investors making trading decisions based on content from social media and influencers. ASIC noted that Gen Z has a tendency to place excessive trust in low-credibility information, which could lead to risky decisions. The survey was conducted from Nov. 28 to Dec. 10 of last year and included 1,127 respondents between the ages of 18 and 20.

South Korean crypto exchange Upbit announced that it will temporarily suspend deposits and withdrawals for Akash Network (AKT) starting at 11:00 a.m. UTC on March 23 due to a network upgrade.

The Australian Senate Economics Legislation Committee has released a report supporting the government's digital asset regulation bill, Decrypt reported. The bill includes provisions to bring cryptocurrency trading platforms and custody service providers into the existing financial services regulatory framework. The committee praised the legislation as a significant step toward modernizing the supervisory framework for the digital asset industry. Previously, the Australian government has engaged in policy discussions to bring crypto platforms under financial regulation, including mandating that exchanges register with the Australian Transaction Reports and Analysis Centre (AUSTRAC).

Tron founder Justin Sun has transferred 620,000 XVS, worth $1.95 million, to a new address for the first time in over two years, according to a report from ai_9684xtpa. The transfer follows a recent incident where Venus Protocol suffered a $3.7 million loss from a supply cap attack involving the THE token last weekend.

The whale address billΞ.eth (@0xbilly) purchased 7,769 ETH, worth $17.46 million, over the past three hours, according to Onchain Lens.

Bitcoin has broken through its 50-day moving average for the first time in about two months, a sign of strengthening upward momentum, CoinDesk reported. The move follows a period of resilient price action amid the war in Iran and instability in global equity markets, particularly in Asia. Alex Kuptsikevich, an analyst at FxPro, explained that a decisive break above the 50-day moving average could be a significant signal of a trend reversal. However, the outlet noted that past rallies following such a break have not always been sustained. For instance, after crossing its 50-day moving average last January, Bitcoin rose approximately 8% before reversing into a downtrend two weeks later.

Web3 social platform UXLINK has launched Season 7 of its campaign to accelerate the mass adoption of Web3, the company announced. The campaign aims to expand participation in the Web3 ecosystem through various incentives, including a triple mission, up to 50% cashback, and large-scale N-Score rewards. This season, UXLINK introduced a cashback program for AI service subscriptions and a rewards program for spending on its native PayFi platform, FujiPay. Users can receive 50% cashback on their first month's subscription fees for AI services like ChatGPT and Gemini when using their FujiCard. Additionally, users can earn N-Scores through FujiPay: 200 for completing KYC, 300 for topping up $10 or more, and additional scores for payments exceeding $100. Furthermore, users can earn an annual percentage yield of up to 43% based on their UXLINK staking period. The four staking options are: - 30 days: 27% - 60 days: 29% - 180 days: 35% - 360 days: 43% The campaign is designed to reward a diverse range of participants, including heavy AI users, shoppers, and UXLINK holders, for their platform activity.

Katana (KAT), a DeFi-focused blockchain, announced on its official X account that it is conducting a pre-staking program for its native token. The program, which began on March 10, will run for eight weeks and offers a 35% annual percentage rate (APR) for 60 days on the first 350 million KAT deposited. Participants will also receive benefits such as increased voting power and "Founding Staker" status. At the token generation event (TGE), their allocated tokens will be automatically staked, providing additional rewards. Following the TGE, KAT held by pre-staking addresses will be converted into avKAT, an auto-compounding token tradable on decentralized exchanges (DEXs), and then staked.

South Korea's Financial Services Commission (FSC) announced that it is taking follow-up measures against Bithumb following an inspection related to violations of the country's law on specified financial transactions. The FSC stated that the level of any sanctions, including whether to impose a fine and its amount, will be determined after deliberation by a review committee. The commission also refuted media reports claiming it was considering a fine of around 37 billion won ($26.8 million) for Bithumb and reviewing the application of a 10% surcharge, calling the claims untrue.

A ban on interest payments for stablecoins in the U.S. could prompt other countries to permit them, Ledger's head of Asia-Pacific said in an interview with Cointelegraph. He explained that a broad U.S. restriction would trigger discussions between overseas regulators and the industry on how to respond. While some countries like Australia offer regulatory flexibility to stablecoin issuers, he noted that banking interests currently prevent most stablecoins from providing interest or rewards to users. A change in U.S. policy would likely intensify talks between issuers and foreign regulators about allowing structures that offer interest on stablecoins, he added.

Major exchanges have seen $105 million worth of futures liquidated in the past hour. In the past 24 hours, $288 million worth of futures have been liquidated.

According to CoinNess market monitoring, BTC has risen above $74,000. BTC is trading at $74,000 on the Binance USDT market.

24-hour crypto futures liquidations The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $53.15 million liquidated (86.08% shorts) - ETH: $55.68 million liquidated (83.64% shorts) - SOL: $13.18 million liquidated (90.96% shorts)

Ethereum (ETH) spot trading volume on Binance is more than six times lower than its futures volume, indicating a severe decline in investor sentiment, crypto analyst Darkfost said on X. The analyst explained that recent U.S. Consumer Price Index (CPI) and Personal Consumption Expenditures (PCE) data are unlikely to support a Federal Reserve interest rate cut. Rising oil prices are also a negative for the U.S. economy, with the impact expected to appear in March and April inflation data. As a result, many investors and institutions are moving away from risk assets like cryptocurrencies, with altcoins including ETH being hit the hardest. While ETH futures trading volume on Binance remains larger than spot, it has also decreased by about $4 billion since January. Darkfost suggested that selling by the Ethereum Foundation and its founder, Vitalik Buterin, could also be affecting sentiment. Although Buterin announced in late January that he would sell 16,384 ETH to support the ecosystem, he has recently sold more than the stated amount.

An anonymous security expert known as f4lc0n has claimed on X that they were offered only a $50,000 reward for reporting a critical flaw in Injective (INJ) that could have enabled the theft of over $500 million in assets. The researcher stated that the vulnerability would have allowed an attacker to directly steal cryptocurrency from any account on the Injective chain. According to f4lc0n, the Injective team fixed the issue with a mainnet upgrade but remained silent for three months without any discussion. The team recently informed the researcher that a $50,000 reward had been set, a figure f4lc0n notes is far below the bug bounty program's stated maximum of 10% of funds at risk. The expert emphasized that they have received no answers regarding the reward calculation or the three-month silence, and the $50,000 has not yet been paid.

Cryptocurrency lender Blockfills has filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the District of Delaware, The Block reported. The move follows months of deteriorating business conditions, which included a recent halt to customer withdrawals. According to the filing, the company has estimated assets of $50 million to $100 million and liabilities of $100 million to $500 million. Blockfills incurred a $75 million loan loss during the recent market downturn. As bankruptcy concerns mounted, creditor Dominion Capital subsequently petitioned the court to freeze 70.6 BTC of its assets held by the lender. Industry observers believe the company's chances of recovery are slim.

Investment in the digital asset sector within the global fintech market nearly doubled last year, rising to $19.1 billion from $11.2 billion the previous year, Financial News reported, citing a Samjong KPMG report. The report attributed the growth to a rapid recovery in investor sentiment driven by increased regulatory clarity and improved market stability. It also described last year as a turning point that saw digital assets re-emerge as a key investment area in global fintech.

Sky (SKY), formerly MakerDAO, has released a governance proposal to allocate approximately 70 million USDS to support its early-stage agent ecosystem. According to the proposal, the funds would be distributed as follows: 10 million USDS to Keel, a Sky ecosystem capital distribution project; 25 million USDS to new execution agent Amatsu; and 25 million USDS to new execution agent Ozone. The proposal is scheduled for a governance vote on March 26.

Robert Kiyosaki, author of 'Rich Dad Poor Dad', announced on X that he used millions of dollars in cash last week to purchase additional Bitcoin, gold, silver, and oil wells. He explained that cash is not trash during a market crash, noting that figures like Warren Buffett hold cash to buy assets at a discount after a downturn. Kiyosaki expressed confidence that the prices of gold, silver, and Bitcoin will rise following a crash, though he acknowledged his prediction could be wrong. He also stated his belief that Texas oil prices will increase as long as Iran continues to attack tankers in the Strait of Hormuz, adding that even if his forecasts are incorrect, he has cash flow from real estate and business ventures. He advised everyone to make the safest and best choices for themselves. The move comes after Kiyosaki stated on Nov. 15 of last year that he would buy more BTC if its price fell. However, he faced criticism when, about a week later on Nov. 22, he sold approximately $2.25 million worth of the cryptocurrency at an average price of $90,000.

Sui-based DeFi project Scallop (SCA) announced on its official X account that it has completed a comprehensive security audit from Asymptotic, an official code audit partner for the Sui Foundation and its developers. Scallop stated that the verification mathematically proves the core logic of its lending protocol is functioning correctly, including its accounting, access control, liquidation logic, and precision calculation methods. The project added that it has also established clear verification standards for all security-critical functions—such as balance management, collateral valuation, parameter changes, and liquidations—and has completed a 100% API-standard verification coverage for all externally callable functions.

Cryptocurrency lending protocol Aave (AAVE) is introducing a protection feature called Aave Shield to block high-risk swaps that have a significant price impact, Cointelegraph reported. The move follows a major swap loss incident. When the feature is active, any swap that would execute at a price more than 25% worse than expected will be automatically blocked. To proceed with such a transaction, a user must manually disable the function. This development comes after an anonymous trader swapped 50 million USDT for approximately 325 AAVE, worth about $36,000, on Aave's Cow Swap.