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U.S. federal prosecutors have raised doubts about the authenticity of a letter submitted by FTX founder Sam Bankman-Fried (SBF) from prison, suggesting it may have been sent from an external location via FedEx. According to CoinDesk, prosecutors informed a judge that the letter, filed on March 16, was sent from Palo Alto or Menlo Park, California, incorrectly identified the prison as a state facility, and contained a typed "/s/" instead of a signature. They argued that these discrepancies provide grounds to doubt the letter's origin, as federal inmates are prohibited from using private delivery services like FedEx. The outlet noted, however, that prosecutors have not directly accused SBF or his associates of forging the document. The challenge is seen as an effort to verify the credibility of materials submitted in the process of requesting a new trial.

A vulnerability in the BCE/USDT pool on PancakeSwap (CAKE), a decentralized exchange (DEX) based on the BNB Chain, has been exploited, resulting in a loss of $679,000, according to blockchain security firm Blocksec. The investigation found that the hacker deployed two malicious contracts to bypass buy and sell limits. These contracts triggered a token burn mechanism within the pool, distorting its holdings and allowing the attacker to drain the assets.

Bitcoin is trading near $68,000, a key level that will determine its future direction, according to on-chain analyst Axel Adler Jr. In a blog post, he explained that this price point represents the average cost basis for whales holding between 100 and 1,000 BTC, serving as a psychological support line. Adler identified resistance at $80,000, the average cost basis for U.S. spot Bitcoin ETF investors, with a lower support level at $47,000, the realized price for addresses holding 10 to 100 BTC. He noted that the market has been range-bound over the past month, and the realized price for major buyers has slightly decreased, suggesting they have been averaging down rather than being driven by strong new demand. If Bitcoin maintains its current price range, it could test resistance at $75,000 and $80,000, buoyed by psychological relief among large holders. However, a break below this level would worsen the market structure and increase the risk of a further decline, he added.

A preliminary draft of South Korea's second-phase digital asset legislation, advanced by the government and the ruling party, includes plans to elevate crypto disclosures to the standard of the country's existing electronic disclosure system (DART), Maeil Business Newspaper reported exclusively. The proposal is part of a research report commissioned by South Korea's Financial Services Commission from Seoul National University's Center for Financial Law. The report suggests creating new licensed business categories for virtual asset evaluation, advisory, and disclosure services, and introducing regulations comparable to the Financial Consumer Protection Act. The study also noted that the current self-regulatory body, the Digital Asset eXchange Alliance (DAXA), has structural difficulties in resolving conflicts of interest. As previously reported, the report does not include provisions to limit the shareholdings of major exchange owners.

A controversial proposal to limit the stakes of major shareholders in cryptocurrency exchanges was not part of the initial legislative design for the second phase of South Korea's Digital Asset Basic Act, the Maeil Business Newspaper reported exclusively. The revelation has sparked suspicion in political circles that the regulation was abruptly inserted into the bill, deviating from early discussions. According to the report, South Korea’s Financial Services Commission (FSC) had commissioned a study from Seoul National University's Center for Financial Law during the initial planning stages, and the resulting paper did not include any provisions for shareholder limits. The outlet added that there is widespread speculation about ongoing disagreements within the presidential office regarding the direction of the legislation.

The nomination of Shin Hyun-song, head of the Monetary and Economic Department at the Bank for International Settlements (BIS), as the new governor of the Bank of Korea has the local virtual asset industry expressing both hope and concern over future stablecoin and central bank digital currency (CBDC) policies, Etoday reported. At the World Congress of Economists (ESWC 2025) last August, Shin voiced concerns that won-based stablecoins could weaken foreign exchange regulations. Conversely, given that he led related research during his tenure at the BIS, the Bank of Korea's ongoing deposit token pilot, 'Project Han River,' is expected to maintain its momentum.

Binance has announced that it will suspend support for deposits and withdrawals of Automata (ATA) and Benqi (QI) via the BNB Smart Chain, effective from 8:00 a.m. UTC on March 27.

Five of the nine CoinNess-affiliated Chart Masters predict a rise in Bitcoin's price this week, while four forecast a decline. The highest price target among the analysts is $80,000, with the lowest at $62,500. Note: Readers can vote on their preferred price direction and target via the provided link. A lottery will be held to award 100 participants with food delivery gift certificates and coffee coupons.

European publicly traded company Capital B (ALCPB) announced the purchase of an additional 44 BTC for $3.11 million. The company now holds a total of 2,888 BTC, acquired at an average price of $106,707 per BTC.

Swedish health tech company H100 has announced plans to expand its Bitcoin holdings to 3,500 BTC through strategic acquisitions. According to a public filing, H100 intends to acquire Norwegian Bitcoin-holding companies Moonshot and Never Say Die, which will add their combined 2,450 BTC to its balance sheet. The company has signed a letter of intent (LOI) for a 100% stake in both firms. H100 currently holds 1,051 BTC.

Traders on the decentralized exchange (DEX) Hyperliquid are more actively trading commodities like oil and silver than cryptocurrencies such as XRP and SOL, CoinDesk reported. Over the past 24 hours, perpetual futures contracts linked to West Texas Intermediate (WTI) and Brent crude oil recorded a combined trading volume of over $500 million. This figure surpasses the trading volumes for SOL and XRP perpetuals, which stood at $176 million and $31 million, respectively. The report suggests this trend reflects a renewed interest in the commodities sector, driven by heightened price volatility amid geopolitical instability related to the war in Iran.

Political instability in the Middle East, Asia, and Africa is driving a surge in demand for blockchain-based decentralized messaging apps, Cointelegraph reported. The decentralized P2P messaging service BitChat, for example, saw a spike in downloads during recent protests in Nepal, Indonesia, and Iran. Separately, search interest in decentralized social media has increased by 145% over the past five years. Shane Mac, CEO of decentralized communication startup XMTP Labs, said this global instability is pushing users toward decentralized options as people begin to trust open protocols more than closed corporations.

A whale address starting with 0x54d, holding 130,000 ETH ($268 million), recently sold 5,000 ETH ($10.31 million) to repay a portion of a loan, Lookonchain reported. The whale has 126,000 ETH ($260 million) deposited on Aave (AAVE) with an outstanding loan balance of $122 million.

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: 49.08% long, 50.92% short - Binance: 49.15% long, 50.85% short - OKX: 49.28% long, 50.72% short - Bybit: 50.27% long, 49.73% short

South Korean crypto exchanges Upbit and Bithumb announced they have placed Resolv (RESOLV) on their delisting watchlists.

Cryptocurrency exchange Backpack has launched a claim checker for its BP token airdrop, the exchange announced on X.

South Korean crypto exchange Bithumb has announced that Stargate Finance (STG) will be swapped for LayerZero (ZRO) following the latter's decision to acquire the project. Deposits and withdrawals for STG will be suspended at 3:00 a.m. UTC on March 24, with trading support ending at 5:00 a.m. UTC on the same day.

Hong Kong-listed game developer Boyaa Interactive is seeking shareholder approval for a plan to invest up to $70 million in cryptocurrency, Cointelegraph reported. The company stated it plans to use idle assets to increase its existing holdings during market downturns and to fund research and development for its Web3 gaming business. Boyaa intends to limit its investments to cryptocurrencies with high market liquidity, large market capitalization, and long-term holding value. The company currently holds 4,091 BTC ($2.8 billion) and 302 ETH ($620,000).

Solana (SOL) spot ETFs recorded approximately $21.1 million in net inflows last week, according to data compiled by SoSoValue. Over the same period, XRP spot ETFs saw net inflows of around $640,000. The inflows into Solana ETFs were led by Bitwise's BSOL, which attracted $20.98 million.

Binance founder Changpeng Zhao stated on X that Bitcoin is a "hard asset." He added that the same is true for other major cryptocurrencies.

Stablecoin holdings on South Korean cryptocurrency exchanges have plummeted since July of last year, CoinDesk reported. The value of stablecoins in wallets associated with the country's five largest exchanges—Upbit, Bithumb, Coinone, Korbit, and Gopax—fell from $575 million in July 2025 to $188 million this March. The report attributes the decline to an accelerating capital outflow as the won-dollar exchange rate surpassed 1,500. CoinDesk explained that retail investors are increasingly converting dollar-denominated assets like stablecoins into won to move funds into the domestic stock market. This capital flight has been further encouraged by the won's depreciation. As a result, liquidity in the local crypto market is weakening, with any future return of funds likely depending on the performance of South Korean stocks.

Based on current Bitcoin mining difficulty and electricity costs, some mining rigs have reached their break-even price. According to data from Antpool, the Antminer S19XP+Hyd, MicroBT M60S, Avalon A1466I, and some Antminer S21 series models have entered a marginal profitability zone. The break-even price for Bitmain's S21Pro and S21+Hyd models is estimated to be approaching the $65,000 to $69,000 range. In contrast, high-hashrate equipment such as the Antminer US23H and S23Hyd maintain a relatively lower break-even price above approximately $44,000. The mining industry continues to face growing profitability pressure due to the combined impact of rising mining difficulty and the burden of electricity costs.

The parents of FTX founder Sam Bankman-Fried (SBF) strongly asserted their son's innocence in an interview with CNN. They argued that since customers are being repaid their principal plus 18% to 43% in interest through the bankruptcy trust, no funds were actually lost. His parents claimed the money was always there and that FTX was a profitable company with billions of dollars in surplus assets. They also defended the transfer of customer funds to its affiliate, Alameda, as routine borrowing. They characterized the prosecution as a political attack by the Trump administration aimed at destroying cryptocurrency, emphasizing that their son would be a great asset to the economy if released. While they are currently pressuring President Donald Trump for a pardon, Trump has reportedly excluded SBF from his list of potential candidates for clemency.

An early Ethereum investor address starting with 0xa2F deposited 15,000 ETH, worth $30.97 million, to Coinbase about 10 minutes ago, on-chain analyst ai_9684xtpa reported. The investor, who began accumulating ETH in 2016, is estimated to realize a profit of $30.79 million if the entire deposit is sold, representing a potential return of 17,680%.

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $97.83 million liquidated (87.64% longs) - ETH: $76.93 million liquidated (80.43% longs) - SIREN: $35.45 million liquidated (89.49% shorts)