Day: March 2, 2026

Crypto funds snap five-week outflow streak, drawing $1B amid Bitcoin whale accumulation

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Digital asset investment products posted their first inflows in five weeks, pulling in more than $1 billion after a $4 billion run of outflows, CoinShares reported Monday. Analysts suggested that the turnaround might have been driven less by macro catalysts and more by market dynamics, including prior price weakness, technical resets, and renewed accumulation by large Bitcoin holders. Bitcoin led the rebound, attracting around $881 million in new capital. Ethereum, the second-largest crypto asset, posted $117 million in inflows, its strongest weekly performance since mid-January. Both assets nonetheless remain in…

White Hat Hacker Recovers 80% of $2.26M Stolen in Foom Cash Exploit

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A white hat hacker helped Foom Cash recover most of the funds stolen in a $2.26 million exploit, underscoring the growing role of ethical hackers in Web3 incident response. Foom Cash, a decentralized, anonymous lottery protocol based on zero-knowledge proofs, was exploited for $2.26 million in funds. The intervention of an ethical hacker helped the protocol recover $1.84 million, or 81% of the stolen funds, Foom Cash announced on Monday. Pseudonymous white hat hacker Duha identified the vulnerability and secured funds on Base before malicious actors could exploit them, while…

Strategy buys 3,015 Bitcoin more at $67,700

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Strategy, the enterprise software firm that has become the world’s largest corporate holder of Bitcoin, today disclosed the purchase of 3,015 BTC for $204 million, bringing its total digital asset reserves to 720,737 coins worth over $47 billion. The company, led by executive chairman Michael Saylor, acquired the stash at an average cost of $67,700 each between February 23 and March 1. The transaction marks the firm’s 101st Bitcoin acquisition since it began stockpiling the asset. Strategy’s aggregate Bitcoin position now carries a cost basis of $54.7 billion, or roughly…

Haseeb Qureshi: AI agents have a comparative advantage in committing crimes, smart contracts are not a replacement for legal contracts, and AI will revolutionize user interaction with DeFi

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AI agents could reshape the crypto landscape, creating a new era of automated finance. Key takeaways AI agents have a comparative advantage in committing crimes due to the lack of legal enforcement against them. Challenges in crypto may indicate that the technology is not suited for the average user. Smart contracts are not a replacement for legal contracts; sophisticated crypto actors still rely on traditional legal agreements. Smart contracts are designed for nonhuman actors, making them more suitable for AI agents than for human negotiation. Legal contracts are less predictable…

What Does It Mean For BTC?

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Bitcoin (BTC) initially dropped before paring all losses, leaving market participants wondering what higher oil prices would mean for BTC price going forward. Key takeaways: Escalating Middle East conflict pushes oil to $79, putting Bitcoin at risk of a drop to $60,000 due to inflation shocks and delayed Fed rate cuts. BTC drops against oil price spikes in the short term, but outperforms in the medium to long term. BTC/USD hourly chart. Source: Cointelegraph/TradingView Bitcoin faces short-term risks as oil prices surge Data from TradingView showed oil soaring to a…

Charles Myers: Geopolitical risk lacks discernible patterns, US safe haven status is under scrutiny, and the bond market serves as a critical guardrail

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Geopolitical tensions could reshape the future of stablecoins and the US dollar’s dominance. Key Takeaways Geopolitical risk is unpredictable due to the unique motives of different actors. The Trump administration’s foreign policy marked a shift towards aggressive protectionism. The US safe haven status is being questioned by global investors. Concerns about the US economy have not yet led to significant selling of US investments. The bond market serves as a critical guardrail for the US economy. A potential military strike against Iran could have significant geopolitical implications. Oil markets are…

JPMorgan warns oil could surge to $120 if Iran war disrupts Gulf supply

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Prolonged Gulf disruptions could choke supply, driving oil prices to unprecedented highs. Strategists at JPMorgan estimate that Brent crude could reach as high as $120 per barrel if disruptions from an escalating Middle East conflict last more than three weeks, exhausting Gulf storage capacity and forcing output shut-ins that tighten global supply. In a note led by commodities research head Natasha Kaneva, the JPMorgan team says prices will depend on the scale and duration of supply losses, the speed at which replacement barrels or strategic reserves can be mobilized, and…

Hong Kong, Shanghai Sign MOU for Blockchain-Based Cargo, Finance Data

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Hong Kong and Shanghai authorities have agreed to deepen cooperation on using blockchain technology to streamline trade finance and cargo documentation, under a new partnership announced Monday. The Hong Kong Monetary Authority (HKMA), the Shanghai Data Bureau (SDB) and the National Technology Innovation Center for Blockchain (NTICBC) have signed a memorandum of understanding (MoU) to deepen collaboration in digitizing cargo trade and finance. The parties will conduct joint research on the benefits of developing a blockchain-based “cross-border platform” for interlinking trade data, electronic bill of lading and financial applications under…

Crypto ETPs Post $1B Inflows as Bitcoin Leads Gains

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Crypto investment products recorded their first weekly inflows since January last week, snapping a five-week outflow streak of around $4 billion. Crypto exchange-traded products (ETPs) attracted $1 billion in inflows last week, led by $882 million into Bitcoin (BTC) funds, according to a Monday report from CoinShares. “From a macro standpoint, it is difficult to attribute the shift in sentiment to a single catalyst,” said James Butterfill, CoinShares’ head of research. He said the reversal likely reflected prior price weakness, a break below key technical levels and renewed accumulation by…

Sony Bank Signs MOU to Integrate Yen Stablecoin JPYC

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Sony Bank said it has signed a memorandum of understanding with stablecoin issuer JPYC Inc. to study whether the Japanese yen-pegged stablecoin JPYC can be connected more directly to the bank’s deposit rails. In a statement Monday, the companies said they will study real-time account transfers that would allow users to purchase JPYC instantly from their Sony Bank accounts through the JPYC EX platform, eliminating the need for manual bank transfers.  Sony Bank said its Web3-focused subsidiary, BlockBloom, will play a central role in designing how the bank link, stablecoin…