Day: March 2, 2026

Bitcoin Shrugs Off Iran as Wall Street Return Sparks $70,000 Run

admin

Bitcoin (BTC) surged toward $70,000 after Monday’s Wall Street open as crypto markets diverged from US stocks. Key points: Bitcoin reacts to positive US manufacturing data as bulls manage to sideline geopolitical tensions. BTC price action leaves stocks wrestling with macro uncertainty to retarget $70,000. Traders stay highly skeptical that the market will begin a true recovery. BTC price suddenly eyes $70,000 despite Iran events Data from TradingView confirmed daily BTC price gains passing 5% as the US trading session began. BTC/USD one-hour chart. Source: Cointelegraph/TradingView The fallout from the…

ProCap Buys 450 BTC, Repurchases Shares Below NAV

admin

Bitcoin treasury company ProCap Financial has added to its digital asset reserves as it steps up efforts to reduce the gap between its share price and underlying net asset value (NAV), underscoring a focused capital allocation strategy amid volatility in the crypto and equity markets. ProCap disclosed Monday that it acquired 450 Bitcoin (BTC) during the recent market pullback, bringing its total holdings to 5,457 BTC. The additional purchase also helped reduce the company’s average cost basis per coin. ProCap’s Bitcoin accumulation relative to price. Source: BitcoinTreasuries.NET At the same…

BitMine expands Ether holdings with $98M purchase as ETH surges past $2K

admin

BitMine Immersion Technologies expanded its Ether position as the broader crypto market rallied Monday morning, with Bitcoin reclaiming $69,000 and Ether surging back above $2,000. The company disclosed it purchased nearly 51,000 additional ETH last week in a $98 million acquisition, lifting total holdings to 4,473,587 ETH. At an average reference price of $1,976 per token, BitMine’s Ether stack is valued at roughly $8.8 billion. The firm said its position now represents about 3.7% of Ether’s circulating supply, advancing its long-stated objective of controlling 5% of the network’s tokens. The…

XRP Price May Drop Another 30% Amid Increased Exchange Inflows

admin

XRP (XRP) risked a further drop below $1 as its bearish technical setup converged with increased inflows to exchanges. Key takeaways: XRP faces overhead resistance at $1.42 XRP’s 13% rally to $1.43 between Saturday and Sunday ran into a resistance wall at $1.39-$1.43, causing it to retrace to the current price of $1.34. The cost-basis distribution heatmap shows that a large cluster of supply is within this area, where nearly 1.48 billion XRP were acquired over the last 30 days. This marks an area of stiff resistance for XRP, limiting…

What Happens To The XRP Price If It Follows The Amazon Trend And Begins Parabola

admin

Technical analysis of XRP’s current price action has presented an interesting structural comparison to Amazon that could lead to an upside cycle stretch for the cryptocurrency.  The comparison focuses on structure and symmetry between XRP’s current price action and how Amazon’s stock price played out after it broke a resistance. The implications for price would be dramatic if XRP were to follow what Amazon did after breaking a similar long-term resistance. The 8-Year Resistance Neckline Holding XRP Back Technical analysis of XRP’s chart shows a clearly defined horizontal resistance band…

Non-custodial swaps meet enterprise infrastructure

admin

ChangeNOW’s emphasis on non-custodial security, deep liquidity, and B2B tools could appeal to web3 teams seeking scalable integrations, though AML holds and jurisdictional complexities may require careful evaluation. ChangeNOW is a crypto ecosystem launched in 2017 that started as an instant swap service and has grown into a full non-custodial infrastructure provider. The company operates as CHN Group LLC, incorporated in Saint Vincent and the Grenadines. Its LinkedIn lists headquarters in Mahé, Seychelles, a setup common in crypto but one that can add diligence steps for partners. Leadership focuses on…

Anthony Pompliano’s ProCap buys 450 Bitcoin, boosting holdings to 5,457 BTC

admin

ProCap Financial, a Bitcoin-focused investment firm led by Anthony Pompliano, has purchased 450 Bitcoin, bringing its total holdings to 5,457 coins while lowering its average purchase cost, according to a Monday announcement. The purchase was funded by approximately $35 million from its working capital account. With Bitcoin currently trading at $66,341, ProCap’s Bitcoin treasury is now worth over $360 million, making it the 19th-largest corporate holder of Bitcoin. Pompliano, a longtime advocate for corporate Bitcoin accumulation, founded the company in 2025 as a publicly traded vehicle for institutional exposure to…

Energym Ad’s Dystopian AI Future Collides with Real-World Layoffs

admin

A viral spoof “Energym” advertisement set in a 2030s world where 80% of people have lost their jobs to artificial intelligence has struck a nerve as companies accelerate automation, job openings slump and investors grapple with darker AI scenarios.  The video clip, created by Belgian studio AiCandy, uses AI-aged versions of Elon Musk, Sam Altman and Jeff Bezos to hawk a fictional gym where unemployed workers pedal bikes and row machines to power the very AI systems that replaced them, trading lost income for a new sense of “purpose.” The…

Why Nexo Is Reentering the US After the 2023 Crypto Lending Crackdown

admin

Key takeaways After paying a $45-million settlement in 2023 and exiting the market, Nexo has reentered the US with a redesigned product model focused on regulatory alignment rather than direct yield issuance. The 2023 crackdown centered on unregistered securities concerns. The SEC alleged that Nexo’s Earn Interest Product functioned as an unregistered security, raising questions about retail yield marketing, transparency, custody practices and counterparty risk. The new model relies on licensed US partners. Instead of directly offering yield products, Nexo now operates through regulated US intermediaries, including licensed entities and,…

Strategy Adds 3,015 Bitcoin as Holdings Top 720,737 BTC

admin

Michael Saylor’s Strategy, the world’s largest public holder of Bitcoin, completed its 101st Bitcoin purchase, pushing its total holdings above 720,000 BTC. The company acquired 3,015 Bitcoin (BTC) for $204.1 million last week, according to a US Securities and Exchange Commission filing on Monday. Source: SEC The average buy price of its latest purchase was $67,700 per BTC, marking another purchase well below the company’s average acquisition price of $75,985. The purchase brings its holdings to 720,737 BTC, acquired for a total cost of about $54.8 billion, the company disclosed.…