Category: Bitcoin News

Iran War Bets Fuel Prediction Market Surge as CFTC Rule Fight Intensifies

admin

Prediction market activity has climbed sharply as traders flock to contracts tied to the escalating US-Iran conflict, while Washington moves toward clearer federal rules for event contracts and a legislative push to explicitly bar markets tied to war, terrorism and death. Notional trading volume on Polymarket and Kalshi rose to new all-time highs during the week ending Monday, March 9, to $2.49 billion and $2.85 billion, respectively, according to Token Terminal data. The growing activity has pushed the total notional volume across all prediction markets to $145 billion through 2.8…

Crypto Needs To Put On A Business Suit

admin

Opinion by: Neil Staunton, CEO and co-founder of Superset Crypto is one of the most innovative corners of finance. New protocols launch every week. New market designs are constantly tested, and experimentation moves fast. But innovation alone can’t build financial systems that institutions can rely on. There’s a reason traditional finance is deliberately boring. It shouldn’t be a rollercoaster of emotions or surprises. When money is involved, reliability is much more important than novelty. Predictable settlement, consistent pricing and clear risk boundaries are what allow capital to move at scale.…

Metaplanet Raises $255M, Seeks $234M via New Strike Warrant Issuance

admin

Metaplanet said Monday it raised $255 million in a private placement and launched a new warrant structure to fund additional Bitcoin purchases. Metaplanet raised about $255 million from institutional investors through a private placement of new shares, according to the company. The private placement priced new shares at a 2% premium, paired with fixed-strike warrants at a 10% premium, which, if exercised, could add $276 million in additional capital as “firepower” toward the company’s goal of amassing 210,000 Bitcoin (BTC), according to CEO Simon Gerovich. Metaplanet also issued a separate…

Strategy Buys 22,337 Bitcoin, Holdings Rise to 761,068 BTC

admin

Michael Saylor’s Strategy, the world’s largest public holder of Bitcoin, continued aggressively stacking Bitcoin last week, bringing the company’s total reserves to above 760,000 BTC. Strategy acquired 22,337 Bitcoin (BTC) for $1.57 billion last week, according to a US Securities and Exchange Commission filing on Monday. The purchase ranks among the five largest Bitcoin acquisitions by Strategy on record, following a massive 17,994 Bitcoin buy for $1.28 billion a week earlier.  Source: SEC The purchase was made at an average price of $70,194 per Bitcoin, below the company’s overall average…

Hana Financial Partners With Standard Chartered on Digital Assets

admin

Hana Financial Group, one of South Korea’s largest financial conglomerates, has partnered with Standard Chartered on finance and digital assets. On Sunday, Hana Financial said it signed a business agreement with the United Kingdom’s Standard Chartered Group (SC Group) for cooperation in global financial business and digital asset fields, Yonhap News reported. The agreement covers collaboration in various global financial sectors, including investment banking, money markets, foreign exchange and digital assets. “We will create new growth opportunities by generating synergies in future financial areas, including digital assets,” Hana Financial chairman…

Bernstein Says Bitcoin Resilience Reflects Ownership Shift

admin

Bitcoin’s recent rebound reflects a strengthening base of long-term holders as ETF inflows and corporate treasury buying reshape the asset’s ownership structure, Bernstein said in a Monday research note shared with Cointelegraph. Bernstein said Bitcoin outperformed gold and major equity indexes over the past week despite heightened conflict in the Middle East, with Bitcoin (BTC) up around 7% and Ether (ETH) up about 9% over the period. Analysts attributed the shift partly to continued US spot Bitcoin exchange-traded fund (ETF) inflows and the steady accumulation of corporate buyers such as…

Bitcoin Price Breaks Above 50-day SMA as Analysts See More Gains for BTC

admin

Bitcoin (BTC) found fresh strength during the early Asian trading hours on Monday as bulls eyed further short-term gains.  Key takeaways: Bitcoin price rises to a six-week high of $74,400 on Monday, liquidating $300 million in shorts. The 50-day moving average above $71,120 is a key support level to watch for BTC/USD going forward. Bitcoin leads market in new relief bounce Data from TradingView showed 2.5% daily BTC price gains, with BTC/USD rising as high as $74,400 for the first time since Feb. 4. BTC/USD one-hour chart. Source: Cointelegraph/TradingView Ether…

Bitcoin Battles Macro Nerves and $75K Sellers This Week

admin

Bitcoin (BTC) starts the third week of March fighting for a breakout after a trip to near $75,000. BTC price action delivers a strong weekly close, but bulls have a lot of work left to do. Analysis warns that the Bitcoin bear market is still in place, along with a recent death cross. Macro conditions present multiple volatility catalysts as the Federal Reserve interest-rate decision nears. Gold’s comparative weakness in recent weeks is fueling the Bitcoin rotation debate. Multiple market signals are giving cause to reevaluate future price strength. Traders…

SEC Drops Case Against BitClout Nader Al-Naji

admin

The US Securities and Exchange Commission (SEC) has dropped its two-year-long case against the founder of the blockchain-based social media platform BitClout, Nader Al-Naji.  In the joint dismissal stipulation filed in the US District Court for the Southern District of New York last Thursday, the SEC cited the crypto task force, which was tasked with developing a regulatory framework for crypto in January 2025, and a “reassessment of the evidentiary record” as the basis for dismissal. However, the regulator cautioned in a statement that this case outcome doesn’t necessarily mean…

BlockFills Files for Chapter 11 Bankruptcy in US

admin

BlockFills has filed for Chapter 11 bankruptcy in the US after suspending deposits and withdrawals last month, citing poor crypto market conditions. Crypto lending platform BlockFills has filed for bankruptcy in the US after the company halted customer deposits and withdrawals last month. Reliz LTD, BlockFills’ operating company, along with three other related companies, filed for Chapter 11 bankruptcy in a Delaware bankruptcy court in a bid to restructure the firm. BlockFills said in a statement that filing for bankruptcy came after ”extensive discussions with investors, clients, creditors, and other stakeholders,” and the…