Crypto News

Nayib Bukele says the country “won’t stop” buying Bitcoin

March 8, 2025 1 min read

El Salvador’s president, Nayib Bukele, has rejected a new request from the International Monetary Fund (IMF) regarding the country’s Bitcoin purchases. He stated that El Salvador will continue to buy Bitcoin regardless of outside pressure. Bukele expressed his determination on social media, saying that the country’s Bitcoin strategy will not change, even after facing challenges and criticism. The IMF’s request is part of a $1.4 billion loan deal with El

Coinbase acquires the Iron Fish team

March 8, 2025 1 min read

Privacy is very important today, especially with new technologies like blockchain. Blockchain is known for being efficient, secure, and unchangeable, but it still needs improvements since it is still developing. Recently, Coinbase acquired the Iron Fish team to enhance the privacy features of its Base blockchain. Iron Fish announced on X that its team would join Base to improve privacy. Base confirmed this news, stating that it is only acquiring

Over $3 billion in Bitcoin and Ethereum options set to expire today

March 7, 2025 1 min read

Today, over $3 billion in Bitcoin and Ethereum options are set to expire, leading to expected market volatility. Bitcoin’s key “max pain” level is at $89,000, while Ethereum’s is at $2,300. The expiration of these options is causing significant price fluctuations. Bitcoin has about $2.5 billion in contracts expiring, and Ethereum has around $500 million. This event, happening at 8:00 UTC on Deribit, is likely to create wild movements in

Sam Bankman-Fried claims FTX could have been worth $93 billion

March 7, 2025 2 mins read

Sam Bankman-Fried, the former CEO of FTX, recently gave his first video interview from prison with Tucker Carlson. He is serving a 25-year sentence for his role in the collapse of FTX. In the interview, he defended his actions and beliefs, claiming that FTX would still be successful if not for outside interference. He stated that the exchange could have had $93 billion in assets, contrasting with its $15 billion

Singapore’s Interior Minister warns citizens against crypto due to rising scams

March 7, 2025 2 mins read

Singapore’s Interior Minister, Sun Xueling, has warned citizens to avoid cryptocurrencies due to increasing scams and fraud risks. During a budget hearing, she highlighted the rise in crypto-related fraud, which accounted for a quarter of the country’s total fraud losses last year. Sun expressed concern that victims often struggle to recover their lost money. This warning shows a shift in the government’s attitude towards crypto despite Singapore’s previous reputation as

President Trump signs an executive order to establish a Strategic Bitcoin Reserve

March 7, 2025 1 min read

President Donald Trump has signed an Executive Order to create a Strategic Bitcoin Reserve. This reserve will use Bitcoin obtained from federal criminal and civil asset forfeitures. David Sacks, who is in charge of AI and crypto for Trump, shared this news on X. The Executive Order comes just before the first-ever White House Crypto Summit, happening in less than two days. Reports say that Trump wants to keep Bitcoin

Bitcoin Reserve Bill SB21 Passes in Texas Senate

March 7, 2025 2 mins read

On March 6, 2025, the Texas Senate passed the Bitcoin Reserve Bill SB21. This bill allows Texas to hold Bitcoin as part of its financial reserves. It received strong support from lawmakers who favor cryptocurrency. This decision is a big step towards using digital assets in state finances. With SB21, Texas becomes a leader in Bitcoin adoption. The state can now invest some of its reserve funds in Bitcoin. This

Binance experiences a surge in net inflows after the Bybit hack

March 6, 2025 1 min read

After the Bybit hack, Binance saw a huge increase in net inflows, reaching $3.9 billion in just one week. This was a big jump compared to previous months. The hack was the largest theft in crypto history, causing Bybit to drop from the second-largest exchange to the eleventh. As users left Bybit, Binance took advantage of the situation, bringing its total net inflows for February to $5.32 billion. In contrast,

Bitwise files an S-1 registration with SEC for a spot Aptos

March 6, 2025 1 min read

Bitwise has filed an S-1 registration with the U.S. Securities and Exchange Commission for a new product called the Bitwise Aptos ETF. This filing was made on Wednesday. Just last week, Bitwise took the first step by submitting a registration in Delaware. Aptos is a cryptocurrency that could join other altcoin ETFs in the market. The U.S. government seems to be working to remove barriers to digital asset investment products.

Mt. Gox transfers 12,000 Bitcoin valued over $1 billion after months of silence

March 6, 2025 1 min read

A wallet linked to Mt. Gox, a now-defunct cryptocurrency exchange, recently transferred 12,000 Bitcoin, valued at over $1 billion, to an unknown address. This transfer occurred as Bitcoin’s price rose to around $90,000. Earlier, the same wallet moved 166,505 Bitcoin, worth about $15 million, to a cold wallet. These transactions ended a long period of inactivity, following a significant transfer of $172 million in Bitcoin last December. The wallet still

President Donald Trump set to introduce a strategic Bitcoin reserve

March 6, 2025 1 min read

President Donald Trump is set to announce plans for a strategic Bitcoin reserve at the White House Crypto Summit this Friday. Commerce Secretary Howard Lutnick shared this news, stating that the initiative aims to make the US a leader in digital assets and blockchain technology. Lutnick emphasized that Trump sees a Bitcoin reserve as essential for America’s financial future. He mentioned that the President has been interested in this idea

US Treasury Secretary Scott Bessent pushes for lower interest rates

March 5, 2025 1 min read

Scott Bessent, the U.S. Treasury Secretary, wants to lower interest rates to help the American public, especially those with lower incomes. He believes that cutting rates would reduce costs for loans and boost economic growth, which has been hurt by high rates. However, he faces strong opposition from Jerome Powell, the Federal Reserve Chair, who controls interest rates. Powell is cautious about making sharp cuts and prefers a gradual approach.