Tag: Hits

Tom Lee-backed Eightco doubles down on OpenAI as total stake hits $90 million

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Eightco Holdings (ORBS), a Nasdaq-listed company backed by Bitmine Chairman Tom Lee, is deepening its bet on OpenAI. The company said Friday it had made an additional $40 million commitment, taking its total stake to $90 million. Eightco (NASDAQ: ORBS) Invests Additional $40 Million into OpenAI, Bringing Total OpenAI Investment to $90 Millionhttps://t.co/0oJC0E71gx pic.twitter.com/5MKbhM6k7K — Eightco Holdings, Inc. (@Eightcoholdings) March 20, 2026 The stake now makes up about 30% of Eightco’s total treasury. The company also backs Beast Industries, the media enterprise led by YouTube creator MrBeast. Eightco CEO Kevin…

What Happens to Bitcoin Price if Oil Hits $180 Per Barrel?

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Bitcoin (BTC) has outperformed US equities and gold since the US and Israel’s attack on Iran on Feb. 28, underscoring its strength amid one of the year’s biggest geopolitical shocks. However, BTC’s rally may face a serious challenge if oil prices spike toward $180 per barrel, a scenario some Saudi Arabian officials now see as plausible if Middle East supply disruptions persist beyond April. BTC/USD (black) vs. Nasdaq (blue) daily performance chart. Source: TradingView Key takeaways: US headline inflation may rise to 5% if oil supply shock persists, lowering rate…

Bitcoin Hits $74.5K But Futures Data, Macro Signal Caution

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Key takeaways: Bitcoin derivatives remain bearish as traders hedge against a price drop despite BTC reclaiming the $74,000 level. Fears of a global energy shortage mount as the Strait of Hormuz remains closed, forcing investors into safe-haven Treasury assets. Bitcoin (BTC) climbed above $74,000 on Monday, following gains on the Nasdaq Index as investors await a keynote from Nvidia (NVDA US) CEO Jensen Huang at the chipmaker’s biggest event of the year, the Nvidia GTC 2026 global AI conference. A drop in oil prices and growth in the US manufacturing…

South Korea Hits Bithumb With $24.5M Fine Over AML Violations

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South Korea has fined crypto exchange Bithumb 36.8 billion won (about $24.5 million) and imposed a six-month partial business suspension after finding widespread violations of Anti-Money Laundering (AML) rules, according to a Yonhap News Agency report.  According to Yonhap, regulators identified about 6.65 million violations during an AML inspection, including failures related to customer identity verification, transaction restrictions and record-keeping requirements. Authorities found Bithumb facilitated 45,772 crypto transfers involving 18 unregistered overseas virtual asset service providers (VASPs), in violation of South Korea’s AML rules.  The Financial Intelligence Unit (FIU) under…

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…

Bitfinex Leads Major Bitcoin Outflows as Weekly Total Hits 47,000 BTC

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Bitcoin exchange withdrawals spiked to more than $2 billion of BTC on Wednesday, with analysis eyeing a potential major spot buy. Bitcoin (BTC) “largescale accumulation” is on the radar after 31,900 BTC left Bitfinex in a single day. Key points: Bitcoin exchange withdrawals spark hope of a fresh round of accumulation this week. Bitfinex sees its largest daily BTC outflow since June 2025 at around 25,000 BTC. Exchange stablecoin flows point to Bitcoin dip-buying. Bitcoin withdrawal spike raises eyebrows New analysis released on Friday by Axel Adler Jr., a contributor…

Oil jitters and macro headwinds weigh on crypto markets as fear index hits extreme lows

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When oil prices sneeze, risk assets catch pneumonia. Crypto is currently reaching for the tissues. Prediction market Polymarket now shows a record 73% probability that US oil prices will breach $90 per barrel this month — a level not seen since October 2023. Bitcoin responded by slipping below $71K, while the broader crypto Fear & Greed Index sits at a grim 18, deep in “Extreme Fear” territory. The numbers tell a painful story Bitcoin dropped 2.6% over the past 24 hours, trading below the $71K mark that bulls had been…

Ethereum Price Hits $2,200 Milestone, Traders Brace for Next Move

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Ethereum price started a fresh increase above $2,120. ETH is now correcting gains from $2,200 and might decline further below $2,100. Ethereum started a downside correction from the $2,200 zone. The price is trading above $2,080 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $2,020 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if it stays below the $2,180 zone. Ethereum Price Rallies Over 8% Ethereum price started a fresh increase above…

Trump Hits Out at Banks Over Stalled Crypto Bill

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US President Donald Trump has taken a shot at banks for stalling the crypto market structure bill from advancing in the Senate over stablecoin yield payments. “The Genius Act is being threatened and undermined by the Banks, and that is unacceptable — We are not going to allow it,” Trump posted on his Truth Social platform on Tuesday, mentioning the GENIUS Act that Congress passed in July to regulate stablecoins. “The U.S. needs to get Market Structure done, ASAP,” he added. “The Banks are hitting record profits, and we are…

Sanae Token Hits $27M Before Japan PM Denies Links

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A cryptocurrency using the name of Japanese Prime Minister Sanae Takaichi briefly surged to a market value of about $27.7 million before sliding sharply after Takaichi publicly denied any connection to the token. In a statement posted on X, Takaichi said she had no knowledge of the “Sanae Token,” adding that neither she nor her office had granted any approval related to it. She said the clarification was issued to prevent public misunderstanding.  “Due to the name, it seems there are various misunderstandings, but regarding this token, I have absolutely…