Day: March 6, 2026

Kazakhstan Central Bank Eyes Crypto-Linked Portfolio Investments

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Kazakhstan’s central bank plans to begin investing as much as $350 million from its gold and foreign exchange reserves into a crypto-linked portfolio, with the first purchases expected in April or May, senior officials reportedly said during a Friday news briefing. According to Reuters, National Bank Governor Timur Suleimenov said the bank is compiling a list of instruments for the portfolio. He said the basket would include crypto-linked assets and did not rule out direct cryptocurrency exposure, though officials indicated the initial emphasis would be on listed instruments tied to…

Cumberland continues Ethereum buying spree with $31M withdrawal from Coinbase

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Cumberland, the crypto trading arm of DRW Holdings, withdrew 14,800 Ethereum valued at approximately $31 million from Coinbase on Friday, doubling down on digital asset accumulation amid ongoing market volatility, according to data tracked by Lookonchain. The Cumberland-labeled wallet currently holds almost 457,000 ETH worth over $940 million. The latest transfer follows Cumberland’s Thursday move. Data shows that wallets linked to the entity pulled 46,620 ETH worth nearly $100 million from Coinbase, Binance, and Copper. Cumberland continued accumulating $ETH, withdrawing another 14,800 $ETH($30.8M) from #Coinbase ~30 minutes ago.https://t.co/2CNtRUpICkhttps://t.co/bUruFIhPoB pic.twitter.com/vsQ3lPHnVk —…

Jack Mallers’ Strike cleared to offer Bitcoin brokerage and payments in New York

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Strike, a Bitcoin-focused fintech company led by Jack Mallers, has been granted regulatory approval by the New York State Department of Financial Services (NYDFS) through a BitLicense and Money Transmitter License, allowing it to expand its Bitcoin services to residents and businesses across the state. Dual licensing represents a major hurdle cleared by Strike, as New York maintains one of the most demanding regulatory frameworks for digital asset companies in the US. According to Mallers, securing the BitLicense marks a pivotal step for Strike, opening the door to offering secure,…

Canada pilots tokenized bond settlement using central bank deposits

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Bank of Canada, together with RBC Capital Markets, TD Bank Group (TD) and Export Development Canada (EDC), has completed Project Samara, a trial of tokenized bond issuance on distributed ledger infrastructure, according to a recent press release. During the pilot, ECD issued a $100 million tokenized bond that was traded and settled on the Samara Platform using central bank money. The Samara Platform, built on Hyperledger Fabric, integrates separate bond and cash ledgers to support end-to-end transactions, including issuance, bidding, coupon payments, redemption, and secondary trading. The architecture enables instant…

$74K Bitcoin Local Peak? Traders Divided on Bear Market Continuation

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Bitcoin (BTC) traded 4.5% below the $74,000 high reached on Thursday, with traders conflicted over whether this level may have marked the local top for BTC price.  Key takeaways: Bitcoin charts still show similarities to the 2022 bear cycle, suggesting another leg down below $60,000 is possible.  Others say the bottom is in and expect a breakout rally to $75,000–$80,000 to be next.  Is the 2022 BTC price cycle repeating? BTC’s current technical structure, following the latest recovery from $60,000, shows similarities with the middle of past bear cycles. Bitcoin’s…

Kazakhstan eyes up to $700 million investment in crypto assets and firms

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Kazakhstan could invest up to $700 million in crypto assets and related companies under plans to establish a state crypto reserve funded from sovereign assets, according to the National Bank of Kazakhstan. The central bank has set aside up to $350 million from its gold and foreign exchange reserves for investment in crypto-related assets, which may include digital assets, crypto tech stocks, and index funds or instruments linked to crypto performance, as confirmed by Governor Timur Suleimanov at a briefing on interest rates today. Central Bank Deputy Chair Aliya Moldabekova…

Bitcoin and Solana ETFs See Outflows Amid Market Dip

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The latest streak of inflows in US spot Bitcoin exchange-traded funds (ETFs) was interrupted by fresh outflows as the BTC price dipped below $71,000 on Thursday. Spot Bitcoin (BTC) ETFs saw $228 million in net outflows on Thursday, ending the three-day inflow streak of about $1.1 billion, according to SoSoValue data. While weekly inflows still held at $917.3 million heading into Friday’s session, year-to-date net outflows rose to around $900 million. Cumulative inflows in 2026 so far amount to $3.58 billion, while cumulative outflows total $4.49 billion. Total assets under…

Bitfinex Leads Major Bitcoin Outflows as Weekly Total Hits 47,000 BTC

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Bitcoin exchange withdrawals spiked to more than $2 billion of BTC on Wednesday, with analysis eyeing a potential major spot buy. Bitcoin (BTC) “largescale accumulation” is on the radar after 31,900 BTC left Bitfinex in a single day. Key points: Bitcoin exchange withdrawals spark hope of a fresh round of accumulation this week. Bitfinex sees its largest daily BTC outflow since June 2025 at around 25,000 BTC. Exchange stablecoin flows point to Bitcoin dip-buying. Bitcoin withdrawal spike raises eyebrows New analysis released on Friday by Axel Adler Jr., a contributor…

Strike Receives BitLicense, Money Transmitter Approval in New York

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Payments company Strike received a virtual currency license and a money transmitter license (MTL) from the New York State Department of Financial Services (NYDFS), allowing the company to offer its Bitcoin services to residents and businesses in New York. Granted in February, the approvals authorize Zap Solutions, Inc., which does business as Strike, to operate under New York’s digital asset regulatory framework, the company said in a Thursday release. New York residents can now use Strike to buy and sell Bitcoin (BTC), set recurring or price-targeted purchases and convert direct-deposited…

Judge Freezes 70 BTC from BlockFills in Court Dispute Tied to User Funds

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A US judge has temporarily frozen 70.6 Bitcoin tied to crypto lending and trading firm BlockFills and ordered an accounting of segregated customer funds after Dominion Capital accused the company of misappropriating customer assets and commingling funds, according to a court filing. The complaint, filed Feb. 27, alleges that BlockFills unlawfully retained millions of dollars in customer crypto assets and used commingled funds to cover losses. Judge Mary Kay Vyskocil issued a temporary restraining order (TRO) for 70.6 Bitcoin (BTC), worth about $5 million, currently held by BlockFills, which Dominion…