Day: March 8, 2026

Bitcoin Falls as Oil Prices Rise on Energy Shortage Fears

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Bitcoin fell nearly 2% in just 15 minutes on Sunday while oil prices rose almost 20% as the escalating Middle East conflict prompted fears of a major supply shortage in the global energy market. Data from decentralized derivatives platform Hyperliquid shows oil prices rose from $95 to $113.7 per barrel shortly after US futures markets opened, as Iraq warned that roughly 3 million barrels per day of production could be disrupted due to Iranian threats against tankers in the Strait of Hormuz. It’s the highest price oil has reached since…

Saylor Signals Another Bitcoin Buy Amid Market Downturn

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Michael Saylor, the co-founder of Bitcoin (BTC) treasury company Strategy, indicated on Sunday that the firm is buying more BTC, as the price hovers near the $66,000 level.  “The Second Century Begins,” Saylor said on X, as he shared the Strategy BTC accumulation chart that has become synonymous with impending BTC purchases. Strategy’s most recent BTC purchase occurred during the last week of February, when the company bought 3,015 BTC for more than $204 million, bringing its total holdings to 720,737 BTC, valued at about $48.1 billion using market prices…

Brazil Opens up Pix Payments to Brazilians Living in Argentina

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Banco Central do Brasil said on Friday that it expanded its Pix digital payments system to allow Brazilians living in Argentina to access the service to pay for goods, services and send payments in both countries. The central bank’s instant payments platform is accepted by major crypto platforms and service providers operating in Brazil for fiat onramping, including the Lemon crypto application, Binance Pay, Crypto.Com, the Mercado Bitcoin exchange and the Kraken crypto exchange. Argentina ranks as the number one country for crypto adoption per capita in LATAM, while Brazil…

Michael B. Jordan Pulls Ahead of Timothée Chalamet in Oscars’ Polymarket

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Actor Michael B. Jordan overtook Timothée Chalamet on prediction market platform Polymarket as most likely to win “Best Actor” at the 2026 Oscars awards show, with his odds rising by over 4x since March 1. Last week, the “Sinners” star won the best actor award at the Actor Awards, formerly known as the Screen Actors Guild Awards, or SAG. A week out from the Academy Awards, Polymarket traders place Jordan’s odds of winning the award at about 47%, while Chalamet is a close second at 45%, Leonardo DiCaprio is at…

Bitcoin Is a Buy at $60,000 if Macro Forces BTC Lower, Says Trader

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Bitcoin (BTC) threatened to cement new resistance into Sunday’s weekly close as traders focused on oil and gold. Key points: Bitcoin risks reinforcing its 200-week exponential moving average as new resistance this week. Price remains unable to flip the key trend line back to support as breakouts fail. Oil and gold are seen as the main BTC price volatility catalysts. BTC price 200-week trend line in the spotlight Data from TradingView showed multiday lows of $66,569 for BTC/USD over the weekend. BTC/USD one-hour chart. Source: Cointelegraph/TradingView This placed the pair…

AI Agent Diverted GPUs to Crypto Mining During Training: Researchers

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A research team behind an autonomous AI agent said that the model unexpectedly attempted to use computing resources for crypto mining during training. In a recent technical report, researchers said ROME, an experimental autonomous AI system designed to complete tasks through interaction with tools, software environments and terminal commands, went rogue and attempted crypto mining on its own. According to the report, the unusual behavior surfaced during reinforcement learning runs, when the team noticed security alerts triggered by outbound traffic from training servers. Firewall logs flagged activity resembling crypto mining…

Spot Bitcoin ETFs Log Second Weekly Inflows in 5 Months, Ether ETFs Rebound

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US spot Bitcoin exchange-traded funds recorded their second consecutive week of net inflows, marking the first back-to-back weekly gains in five months. Spot Bitcoin (BTC) ETFs attracted roughly $568.45 million in net inflows this week, according to data from SoSoValue. The products also posted positive flows of about $787.31 million the previous week, showing renewed investor appetite after several weeks of sustained outflows. Before the recent turnaround, US spot Bitcoin ETFs endured a prolonged period of investor withdrawals, recording roughly $3.8 billion in cumulative outflows over a five-week streak.  The…

Bitcoin ‘Bull Trap’ Forming As Bear Market Middle Stage Approaches: Analyst

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Bitcoin could experience a short-term rally that catches investors off guard before the broader downtrend resumes, according to on-chain analyst Willy Woo. “Bull trap forming,” Woo said in an X post on Saturday, referring to a fake breakout suggesting that the market is entering a sustained uptrend. He added that it may last “out to [the] end of April.” Woo said his outlook is based on liquidity conditions rather than price levels. “If capital comes back in force with the right type of long-term investors, then I’ll happily change my…

US Court Dismisses Binance, CZ Terrorism Financing Lawsuit

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Former Binance CEO Changpeng “CZ” Zhao said centralized crypto exchanges have “zero motive” to assist terrorists after a US court dismissed a lawsuit accusing the exchange of facilitating terrorist financing. In a post on X, Zhao argued that the economics of crypto trading make such activity illogical for exchanges. “There are absolutely zero (0) motive for any CEX to have anything to do with terrorists,” Zhao wrote, adding that such actors are unlikely to generate trading revenue and may only deposit funds briefly before withdrawing them. The comments followed a…

US Lawmakers Demand ‘Permanent’ CBDC Block

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A group of US lawmakers is uniting to prevent the US central bank from ever issuing a Central Bank Digital Currency (CBDC), warning that proposed legislation only delays it until 2031. “We write to you to express the dire need to prohibit a Central Bank Digital Currency from ever happening in the United States,” US Congressman Michael Cloud wrote in a letter on Friday addressed to House Speaker Mike Johnson and US Senate majority leader John Thune, joined by 28 other members of Congress in support. Source: Ralph Norman It follows…