Day: March 11, 2026

Chen Zhi’s lawyers ask court to dismiss US seizure of over 127,000 Bitcoin

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Lawyers for Chen Zhi, the Chinese-born businessman behind Cambodia-based Prince Holding Group, accused of links to global scam operations, have filed a motion in US federal court challenging the government’s seizure of 127,271 Bitcoin associated with him, according to a new report from Bloomberg. In October 2025, the US Attorney’s Office for the Eastern District of New York and the Justice Department’s National Security Division filed a civil forfeiture case to seize the Bitcoin stash connected to the Prince Holding Group. Prosecutors tied the funds to alleged “pig-butchering” scams and…

US Moves to Forfeit $3.44M in USDt Linked to Fake Ether Investment Scheme

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US federal prosecutors have filed a civil forfeiture action to recover roughly 3.44 million USDt tied to an alleged online crypto investment scam that targeted victims across several states. According to a Tuesday announcement from the US Attorney’s Office in Boston, the funds were linked to a scheme that persuaded victims to send cryptocurrency to wallets controlled by scammers. Authorities said they seized the USDt (USDT) in February and March 2025, and are now asking a court to authorize the permanent forfeiture of the assets. “In such fraud schemes, scammers…

Aave-Linked Capo Oracle Glitch Triggered $27 Million in Liquidations

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A configuration error in a risk-oracle system used by crypto lending platform Aave triggered the liquidation of about $27 million in wrapped staked Ether (wstETH) positions, prompting the protocol to move to compensate affected users. In a post-mortem published Tuesday, Aave said about 10,938 wstETH worth around $27.1 million was liquidated after the protocol applied an exchange rate that was 2.85% below the live market rate for wstETH and Lido staked Ether. The issue stemmed from a misalignment between a snapshot ratio and a snapshot timestamp in the Capo risk-oracle…

XRP ETFs Outflows Slow as Goldman Sachs Tops Holdings

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US spot Bitcoin exchange-traded funds (ETFs) saw increased inflows on Tuesday, even as BTC dipped below $70,000. Spot Bitcoin (BTC) ETFs recorded $251 million in inflows, building on Monday’s $167 million in gains, according to SoSoValue data. The inflows continue a positive trend in March, with cumulative monthly gains now at $1.56 billion versus $576.6 million in outflows. The inflows came despite Bitcoin briefly falling to $69,400 on Tuesday, according to CoinGecko. It traded at $69,810 at the time of writing, down 0.7% over the past 24 hours. Daily flows…

Onchain RWAs Climb 66% in 2026 as Market Reaches $23.6B

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The value of tokenized real-world assets (RWAs) on public blockchains has climbed about 66% in 2026, reaching roughly $23.6 billion as of Wednesday, according to DeFiLlama data. The market stood at around $14.1 billion on Jan. 1 before steadily rising through early March. Tokenized funds, including products backed by US Treasury bills, bonds and money market funds, account for the largest share of the sector. DeFiLlama data shows tokenized funds represent about 44.5% of the total market with $10.5 billion in value, followed by tokenized gold and commodities at roughly…

Bitcoin Battles Its Latest Key Reclaim Target With $80,000 on the Radar

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Bitcoin open interest sparked a prediction of high BTC price volatility to come as $70,000 remained the bulls’ key reclaim level. Bitcoin (BTC) waited for cues on Wednesday as the market priced in geopolitical instability. Key points: Bitcoin traders are waiting for the end of rangebound price action, with the focus on $70,000. An optimistic forecast says that the low $80,000 zone could come back into play by the end of March. Open interest trends suggest heightened BTC price volatility next. Bitcoin struggles to cement key springboard level Data from…

Brera to Wind Down Soccer Teams as it Pivots to Solana Infrastructure

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Brera Holdings’ board has approved a plan to shift the Nasdaq-listed company toward Solana infrastructure and treasury operations, while shutting down two of its soccer teams and proposing a reverse stock split to support the move. The proposal, which still requires shareholder approval, would rename the company Solmate Infrastructure and narrow its focus to building Solana (SOL) staking, validation and treasury services, according to a Tuesday announcement. The company said Abu Dhabi will be its main base for these operations. “By focusing our capital and corporate identity on Solana, we…

Crypto Bill Can Advance, but Lobbyists Will Be Unhappy: Senator

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A US Senate Democrat says crypto and banking lobbies will both have to accept compromises amid a new proposal to move the crypto market structure bill forward. Senator Angela Alsobrooks, a key Democrat on the Senate Banking Committee, said at an American Bankers Association event on Tuesday that she and Republican Senator Thom Tillis are working on a compromise proposal, but crypto and banking interests can’t let “perfect be the enemy of good.” “All of us will probably walk away just a little bit unhappy,” she said. “What we don’t…

Aave Founder Says DAOs Must Evolve

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Stani Kulechov, the founder of decentralized lending platform Aave, says decentralized autonomous organizations (DAOs) need a rethink, namely, how much tokenholders vote on as opposed to input from leaders. His comments came in the wake of governance disputes about the future of the protocol. Kulechov said in an X post on Tuesday that DAOs, in their current form, are “extraordinarily difficult” to operate because of internal conflicts and proposals that can take weeks of forum posts, temperature checks and multiple votes to pass. DAOs are intended to operate without core…

Ethereum’s Adoption Paradox: More Users, Lower Prices

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Ethereum is seeing a growing divergence between the level of activity on the network and spot prices, suggesting that transactional activity alone isn’t driving demand for Ether. Ethereum network activity has been reaching record highs, according to CryptoQuant, including active addresses, token transfers, and smart contract calls. Total active addresses spiked to over 1.1 million in February, more than double the prior-year period, while token transfers topped a million in March, up from around 750,000 in December, according to CryptoQuant data. Smart contract and automated protocol token transfers have also…