Day: March 6, 2026

US Senator Calls for Anti-Corruption Provisions in Crypto Bills

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Massachusetts Senator Elizabeth Warren, one of the more outspoken voices in Congress often connecting cryptocurrencies to illicit activities, slammed the US Securities and Exchange Commission’s settlement with Tron founder Justin Sun. In a Thursday notice, Warren accused the SEC of “giving a free pass” to Sun after he “poured $90 million” in crypto investments tied to US President Donald Trump and his family. Sun has invested millions of dollars through token purchases in the Trump family’s crypto platform, World Liberty Financial, and the SEC settled an unrelated case against the…

Bitcoin Lost $70K Again: Here’s Why

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Bitcoin (BTC) slipped back into its monthly trading range under $70,000 after dropping 5% over the past two days.  Market data points to resistance near the $70,000 level, with onchain flows, futures data and weakening spot volumes signaling renewed selling pressure that limits BTC’s ability to hold this week’s range highs.  Bitcoin four-hour chart. Source: TradingView BTC short-term holders locked in profit Profit-taking from the short-term holders (STHs) accelerated during Bitcoin’s rally above $74,000. Crypto analyst Darkfost said that more than 27,000 BTC in profit moved to exchanges from STH…

Aave Rift, Bitcoin Rebound and ETF Inflows Dominate the Crypto Week

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Bitcoin and the leading cryptocurrencies staged a recovery this week following initial shockwaves from the outbreak of the US-Israel conflict with Iran. Bitcoin (BTC) initially fell to $63,245 on Sunday, before briefly recovering to $73,000 on Thursday, assisted by renewed demand from US-listed spot Bitcoin exchange-traded funds (ETFs), which logged $1.1 billion in net weekly inflows leading up to Thursday. In the broader DeFi space, Aave’s governance dispute continued, with the Aave Chan Initiative (ACI) saying it will not renew its engagement with the Aave DAO and plans to wind…

Bitcoin Will Feel Ripple Effect of Prolonged Mideast War

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As geopolitical tensions escalate and global markets face a new wave of uncertainty, one asset has been behaving in an unexpected way: Bitcoin. While the Middle East slides deeper into conflict and energy markets react to potential supply disruptions, the world’s largest cryptocurrency has held up relatively well compared to many traditional assets. For some observers, that resilience raises an important question: Could Bitcoin be signaling something about the macro environment that markets haven’t fully priced in? In our latest interview, Arthur Hayes, co-founder of Maelstrom, shares his perspective on…

NYSE hit with $9 million SEC penalty over 2023 market disruption

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The New York Stock Exchange has agreed to pay a $9 million penalty to settle charges brought by the US Securities and Exchange Commission over a 2023 technology glitch that disrupted the opening of trading in thousands of stocks. The issue dates back to January 23 when a configuration error left a backup disaster-recovery system running during overnight maintenance, causing the exchange’s Pillar platform to incorrectly process opening auction data, the SEC said in a March 6 filing. That resulted in the exchange bypassing the standard opening auction for more…

Pakistan’s Parliament Green Lights The Virtual Assets Act

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Pakistan’s parliament passed the Virtual Assets Act, 2026 on Wednesday, cementing the Pakistan Virtual Assets Regulatory Authority (PVARA), a government agency, as the country’s digital asset regulator. The framework gives PVARA, established in July 2025, the authority to enforce licensing requirements and oversight over digital asset service providers, according to an announcement from the regulator. PVARA is also tasked with setting and enforcing anti-money laundering provisions and international sanctions compliance under the new legislation. PVARA Chairman Bilal Bin Saqib said: “With no objection certificates (NOCs) already issued and banking rails…

Kalshi faces class action over $54M bet on Iran leader’s departure

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Prediction market platform Kalshi faces a proposed class action from traders who say the exchange should have paid out bets tied to a market on whether Iran’s Supreme Leader Ali Khamenei would leave office. The disputed market attracted about $54 million in trading volume before it was halted following reports of US and Israeli airstrikes on Iran. According to a Bloomberg Law report, the complaint filed in the US District Court for the Central District of California argues that Kalshi’s market rules led traders to expect payouts if Khamenei left…

Kraken rolls out xChange engine to power tokenized stock markets

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Kraken’s tokenized equities platform xStocks has launched xChange, an onchain trading engine designed to facilitate trading of tokenized stocks across the Ethereum and Solana networks. According to the company, the system supports trading of more than 70 tokenized equities backed 1:1 by underlying shares held in custody, with prices intended to track the corresponding public market stocks. The launch adds new trading infrastructure for tokenized equities, part of the broader tokenized real-world asset market that aims to bring traditional financial instruments such as stocks onto blockchain-based trading systems. Kraken launched…

Binance Slams US Senate Probe over Iran as Based on Defamatory Reports

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Cryptocurrency exchange Binance has officially responded to a February inquiry launched by a group of 11 US senators, largely denying facilitating transactions to Iranian entities and the narrative around employees’ terminations. In a Friday letter to US Senators Richard Blumenthal and Ron Johnson of the Permanent Subcommittee on Investigations, Binance said that an inquiry launched in February into the exchange’s activities was based on reports that were “demonstrably false, unsupported by credible evidence, and defamatory in several material respects.”  The exchange referred to reporting from the Wall Street Journal, New…

Curve Finance accuses PancakeSwap of copying stableswap code without permission

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Curve Finance has publicly accused PancakeSwap of using its proprietary code to power its StableSwap feature without obtaining proper authorization. In a Friday statement on X, Curve Finance called the move a violation of the software’s license and warned that it could create legal risks. Dear @PancakeSwap. Looks like you copied our code without asking. It is violation of its license. Not only it is illegal: historically it showed to be unwise for those who did it this way in other regards. In any case. If you want to enjoy…