Day: March 2, 2026

Fold retires $66M debt, frees 521 BTC collateral

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Fold, a publicly traded Bitcoin financial services company, has eliminated $66.3 million in convertible debt, removing a potential source of share dilution and simplifying its balance sheet as it prepares to expand its product lineup. In a recent disclosure, Fold said it retired two outstanding convertible notes, which are debt instruments that can be converted into equity at a later date. By paying them off, the company reduces the risk that new shares would be issued in the future, which may dilute existing shareholders. Fold also said it released 521…

Bitcoin, Altcoins Shake Off War Worries By Rallying Toward Range Highs

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War in the Middle East failed to sink Bitcoin (BTC) below the $63,000 level. That may have attracted buyers who are attempting to maintain the price above $69,000. However, a quick recovery is unlikely. Macroeconomic newsletter Ecoinometrics said in a post on X that deep drawdowns generally unfold slowly, advising “patience rather than urgency.”  Data shared by Bitwise Europe head of research André Dragosch shows that when investors buy and hold BTC for at least three years, the probability of loss drops to 0.70%. Although BTC is down roughly 50%…

Northern Trust Launches Tokenized Treasury Money Market Fund Share Class

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Northern Trust Asset Management has launched a tokenized share class of its NIF Treasury Instruments Portfolio, marking its entry into the digital assets market, according to the company.  The structure uses distributed ledger technology to maintain a digital mirror of share ownership, while the underlying portfolio continues to invest in short-term US Treasurys. According to Monday’s announcement, the shares will initially be offered through BNY’s LiquidityDirect platform, which operates on Goldman Sachs’ Digital Asset Platform. The fund itself does not use blockchain technology or invest in crypto assets. Instead, authorized…

xAI plans early $3B bond repayment as Musk eyes SpaceX IPO

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xAI is planning to repay $3 billion of high yield bonds early in a move that would significantly reduce debt ahead of a potential public listing of SpaceX, according to a Bloomberg report. The company intends to redeem the bonds at roughly 117 cents on the dollar, a notable premium given the securities were issued in June with a structure indicating they would remain outstanding for at least two years. The bonds, which carry a 12.5 percent coupon, were sold at par and have rallied in recent weeks. Pricing data…

Bitcoin Re-tests $70K as Loss Flows Drop to 2-Week Low

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Bitcoin (BTC) rallied to $70,000 on Monday as the shadow of war looms over the entire Middle East. Data from CryptoQuant shows short-term holder loss transfers to exchanges falling to a two-week low over the past 24 hours, and the slowing exchange flows stand in contrast to the rate of selling seen in early February. Bitcoin short-term sellers step back The short-term holder (STH) profit/loss (P&L) to exchanges metric tracks how much Bitcoin recent buyers send to exchanges at a profit or loss. These participants tend to amplify volatility during…

Turkey’s Ruling Party Proposes 10% Crypto Income Tax

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Under the proposed law, Turkey’s president would be allowed to change the income tax rate on digital assets from zero to up to 20%. Turkey’s Justice and Development Party proposed a 10% tax on cryptocurrency income and gains as part of a draft bill amending the country’s tax laws. According to a Monday report from the state-run media Anadolu Agency, lawmakers in the Turkish Grand National Assembly proposed amending the country’s expenditure tax laws to include a 10% tax on digital assets. Under the legislation, platforms that are subject to…

Iran crypto outflows surge 700% after US-Israel strikes as capital flees offshore

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Crypto analytics firm Elliptic detected a significant spike in digital asset withdrawals from Nobitex, Iran’s dominant crypto exchange serving more than 11 million users, in the immediate aftermath of initial US-Israel military strikes on Iranian territory. The London-based blockchain intelligence company said the surge in outflows last Saturday may indicate capital flight. Outgoing transaction volumes spiked by 700% within minutes of the first strikes. Elliptic said the data suggests Iranian users converted rials into digital assets and moved funds to external wallets beyond the reach of conventional banking oversight. Nobitex…

Bitcoin tops $70K, XRP, Ether rise as traders shrug off Middle East tensions

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Bitcoin rose 6% on Monday, surpassing the $70,000 level and leading a market-wide rally that pushed Ethereum, BNB, and XRP higher. Gains came despite intensifying tensions between the US and Iran. In a CNN interview this morning, Trump suggested that Washington has yet to unleash its full campaign against Iranian targets. The price of Bitcoin briefly fell to $63,000 on Saturday following reports of US-Israeli military action against Iran. By Sunday, sentiment shifted after confirmation of Iran’s supreme leader’s death, and Bitcoin rallied above $67,000. The crypto asset was trading…

XRP Price About To Enter ‘Face-Melting Phase’, And The Target Is $27

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Recent commentary from crypto analyst Egragcrypto has stirred fresh debate around the XRP price’s long-term trajectory. In a recent X post, the analyst pointed to a potential high-volatility phase ahead, suggesting that even a short-term drop could set the stage for a powerful rally. His chart outlines both risk and opportunity, framing the coming period as decisive for patient investors. The Meaning Behind The XRP Price ‘Face-Melting Phase’ According to Egragcrypto’s outlook, XRP may be approaching what he describes as a dramatic expansion phase. The analyst emphasized that this stage…

a16z-backed Eco launches Programmable Addresses to automate cross-chain payments

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The new capability allows developers to assign a single address to a user or product that functions across Ethereum-compatible chains and Solana simultaneously. Eco, a stablecoin infrastructure platform backed by a16z Crypto, has introduced Programmable Addresses, a new feature designed to automate cross-chain fund routing for developers, enterprises, and institutional users. Traditionally, users manually bridge, swap, or redistribute crypto assets after receiving funds. This process is fragmented, time-consuming, and prone to error, especially in a multi-chain environment where liquidity, gas tokens, and wallet balances are spread across different networks. Each…