Bhutan Moves 519 Bitcoin as Sovereign Wallet Drawdown Continues

Bhutan moved more Bitcoin from its state-linked wallet on Wednesday, extending a March drawdown in its sovereign holdings. Arkham data showed a Bhutan government-linked wallet transferred about 519.7 BTC, worth roughly $36.7 million, to two wallets on Wednesday. Onchain Lens said one of the destination wallets was linked to trading firm QCP Capital. The move marked the Bhutan-tagged wallet’s third large Bitcoin transfer in March, following the $72 million moved in six separate transactions in the 24 hours leading up to March 18, and the $11.8 million moved on March…

Pump.fun Tightens Creator Fee Controls in New Update

Memecoin launchpad Pump.fun introduced a new restriction on creator fee settings, limiting token deployers to a single post-launch change in how fees are distributed on the platform.  In a post on X, Pump.fun co-founder Alon Cohen said the update aims to reduce “griefing” — where creators alter fee recipients after a token gains traction — and other forms of manipulation tied to fee redirection, where token creators can alter who receives fees after a coin gains traction.  Under the change, each token will have one opportunity to redirect creator fees…

Indian Court Says ‘No Case’ Against CoinDCX Founders

A magistrate court in Thane, India, has granted bail to CoinDCX co-founders Sumit Surendra Gupta and Niraj Ashok Khandelwal, ruling that no prima facie case was made out against them in a 71 lakh Indian rupees ($75,000) cheating complaint linked to a fake trading platform posing as the Indian crypto exchange.  The court’s common order on March 23 on their bail applications concluded that they were entitled to bail because no case was made out against them, even on an initial look at the available evidence. The founders were taken…

Ripple Joins Singapore Sandbox to Test RLUSD in Trade Finance

Financial technology company Ripple said Wednesday it had joined the Monetary Authority of Singapore’s (MAS) BLOOM initiative with supply chain finance technology firm Unloq to test programmable cross-border trade settlement using the XRP Ledger and Ripple USD. The pilot will use Unloq’s SC+ smart-contract-driven trade finance infrastructure, which integrates trade obligations, settlement conditions and financing workflow into a single execution layer. The pilot will also utilize Ripple’s XRP Ledger (XRPL) and its stablecoin designed for enterprise use cases, Ripple USD (RLUSD), the announcement states. MAS launched BLOOM, short for Borderless,…

Irish Authorities Recover Millions in Bitcoin From Lost Wallet

Irish national police say they have cracked one of 12 Bitcoin wallets linked to a convicted drug dealer, years after they were confiscated and their access codes were thought to be gone forever. Ireland’s Criminal Assets Bureau (CAB) said in a statement on Tuesday that it had “gained access to and seized a cryptocurrency wallet” containing 500 Bitcoin (BTC), worth more than $35 million, with the help of Europol’s European Cybercrime Centre. “Europol hosted operational meetings at its headquarters in The Hague, the Netherlands and provided critical support to Bureau…

Bitcoin Exchange Outflows Signal Investor Accumulation

The net outflow of Bitcoin from exchanges over the past month suggests that investors have started to accumulate the cryptocurrency, according to a CryptoQuant analyst. March has been largely dominated by Bitcoin (BTC) outflows from crypto exchanges, aside from one spike in inflows just before the asset tapped a six-week high of $76,000 on March 17, according to CryptoQuant data.  This negative net flow has remained present while Bitcoin “continues its liquidation phase,” the analyst known as Darkfost said on Wednesday. “This persistent outflow suggests genuine accumulation by investors, who…

Solana (SOL) Recovery Firms, Bulls Prepare for Stronger Upside Push

Solana found support at $85 and corrected some losses. SOL price is now consolidating above $90 and might aim for a steady increase. SOL price started a decent recovery wave above $88 and $90 against the US Dollar. The price is now trading above $90 and the 100-hourly simple moving average. There was a break above a key bearish trend line with resistance at $88 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could continue to move up if it clears $92.80 and $95.…

Enlivex Raises Funds for Rain Prediction Market Token Buys

Immunotherapy company Enlivex has raised $21 million via a debt financing agreement to purchase another 3 billion tokens tied to the prediction market platform Rain. Enlivex said on Tuesday it exercised an option to acquire another 3 billion Rain (RAIN) tokens at a 62% discount for $10 million on Sunday while extending its option to purchase another 272.1 billion RAIN tokens at the same price to December 2027. The debt financing came from The Lind Partners, a New York-based asset manager. “We are continuing to execute our prediction markets treasury…

XRP Price Stalls Again, Can Bulls Overcome Crucial Hurdles?

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

Robinhood Approves $1.5B Share Buyback

Stock and crypto trading platform Robinhood has approved to buy back $1.5 billion worth of its shares. Robinhood said in a Securities and Exchange Commission filing on Tuesday that the company’s board of directors approved the $1.5 billion share repurchase program, which it will carry out over the next three years. The program includes $1.1 billion in new incremental capacity, with the remainder rolled over from an older repurchase program. “Robinhood is a generational company with a massive long-term opportunity,” Robinhood financial chief Shiv Verma said in a statement. “This…