Day: March 7, 2026

Crypto Fear and Greed Index Stumbles Back to ‘Extreme Fear’ Territory

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The Crypto Fear and Greed Index, one of the most widely used gauges of crypto investor sentiment, has fallen back down to “extreme fear” levels after briefly recovering on Wednesday. The Crypto Fear and Greed Index is at 18 at the time of this writing, down from the 20 recorded on Friday, according to CoinMarketCap. 20 signals “fear,” an atmosphere of caution among investors, but an improvement over rock-bottom market sentiment. Sentiment briefly spiked to 25 on Wednesday, but contracted as geopolitical tensions between the US, Israel and Iran continue…

US Treasury Says ‘Lawful’ Crypto Users Have Valid Reasons To Use Mixers

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The Treasury’s report to the US Congress was commissioned as part of directives under the GENIUS stablecoin regulatory framework. The United States Treasury Department acknowledged the legitimate use of mixers, which obfuscate crypto transfers to preserve user privacy, in its report to Congress on “Innovative Technologies to Counter Illicit Finance Involving Digital Assets.”  “As consumers increase their use of digital assets for payments, individuals may want to use mixers to maintain more privacy in their consumer spending habits,” the report said. The Treasury report continued: “Lawful users of digital assets…

Kalshi Faces Lawsuit Over Khamenei Prediction Market

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A class action lawsuit has been filed against prediction market Kalshi, alleging that the death carveout in the “Ali Khamenei out as Supreme Leader” market was not properly disclosed to users and that the platform failed to pay out winning trades. The plaintiffs said that the death carveout policy was “not incorporated into the user-facing rules summary,” and was not displayed in a way that would notify a “reasonable consumer” of the policy or its effects. “Defendants, themselves, later acknowledged that their prior disclosures were ‘grammatically ambiguous,’” the lawsuit filing…

Ethereum co-founder Jeffrey Wilcke sends $157M in ETH to Kraken after months of wallet silence

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A wallet linked to Ethereum co-founder Jeffrey Wilcke transferred 79,358 ETH valued at around $157 million to the Kraken exchange on Saturday, as first reported by on-chain analyst @ai_9684xtpa. The move came eight months after Wilcke reportedly moved $41 million worth of ETH, with data tracked by Lookonchain showing that he held 95,897 ETH at the time. Wilcke joined the Ethereum team in late 2013 and earned a reputation for creating Geth, the most widely used client for running Ethereum nodes. The software developer helped maintain the network’s core infrastructure…

How Much Bitcoin Can Michael Saylor Buy via Strategy’s STRC Stock?

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Michael Saylor’s Strategy may purchase more Bitcoin (BTC) in the coming weeks through the proceeds from its STRC stock sales. Key takeaways: What is STRC stock? Michael Saylor’s Strategy (MSTR) owns about $50 billion in Bitcoin, the highest by any public company on record. Stretch (STRC) is Strategy’s income-focused preferred stock launched in July 2025 to raise capital for its Bitcoin accumulation strategy. In its IPO, the company raised about $2.521 billion gross and $2.474 billion net. It then used those proceeds to acquire 21,021 BTC at an average price…

South Korea moves to exclude USDT, USDC from corporate crypto investment rules

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South Korea is preparing to open the crypto market to corporate investors, but stablecoins like USDT and USDC may be left out of the rulebook, according to a new report from Herald Economy. The country’s financial watchdog says including stablecoins would conflict with existing foreign exchange laws that do not recognize them as official payment instruments. Regulators are also concerned about early-stage market risks. South Korea’s Foreign Exchange Transactions Act requires all international transactions to be conducted through licensed foreign exchange banks. Since stablecoins are not classified as legitimate foreign…

XRP Bull Flag Breakout After 8-Month Consolidation To Send Price To $11

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Crypto analyst Luke has drawn attention to an XRP bull flag breakout, which could send the price to $11, which would mark a new all-time high (ATH) for the altcoin. This comes as the altcoin faces further downside amid the U.S.-Iran war, which threatens to drag on for a long time.  XRP Eyes Rally To $11 Amid Bull Flag Breakout In an X post, Luke stated that a bull flag breakout is forming on the XRP weekly chart, with the target being $11. The analyst noted that this is a…

Trump declares Iran “surrendered” to Middle East neighbors, threatens further strikes

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President Donald Trump said that Iran has “apologized and surrendered” to its Middle East neighbors and pledged to cease military attacks against them, while simultaneously warning that additional strikes against Iranian targets are imminent. In a Truth Social post on Saturday, Trump claimed that coordinated military pressure from the US and Israel has pushed Iran into retreat and that the country has lost its influence as a regional power. He also stated that other Middle Eastern countries had thanked him for helping to bring about this outcome. The US president…

Kalshi, Polymarket Eye $20B Valuations in Potential Fundraising: WSJ

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Prediction market platforms Kalshi and Polymarket are reportedly exploring new fundraising rounds that could value the companies at around $20 billion each, roughly double their most recent valuations. Both platforms have held preliminary discussions with potential investors about raising fresh capital at the elevated valuation, the Wall Street Journal reported on Friday, citing people familiar with the matter. The report noted that the negotiations remain at an early stage and may not result in deals or secure the targeted valuation. Kalshi currently operates in the United States and offers markets…

Stablecoin Transaction Volume Hits a New Record High as USDC Surpasses USDT

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Stablecoins have hit an all-time high in monthly transaction volume, as Circle’s USDC (USDC) flipped Tether’s USDt (USDT), new data shows. Key takeaways: Stablecoin monthly transaction volume reached a record $1.8 trillion in February. USDC comprised 70% of all stablecoin volume. Rising stablecoin supply on exchanges puts crypto markets in a good position to recover. USDC “consistently” flips USDt transfer volume The stablecoin transfer volume reached $1.8 trillion in February, setting a monthly record, according to data from Allium. Stablecoins are cryptocurrencies designed to maintain a stable value, typically pegged…