Day: March 10, 2025

Strategy shares down 30% since Saylor’s Forbes cover

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Strategy (MSTR) shares have fallen 30% since its executive chairman and former CEO, Michael Saylor, was featured on the cover of Forbes, according to stock price data from Yahoo Finance. Between Jan. 30 and March 10, Strategy’s shares dropped from $340.09 to $238.25. The tumble includes a 17% decline on March 10 amid the wider sell-off in the tech stock market. Strategy one-day stock price. Source: Yahoo Finance According to Yahoo Finance, the Nasdaq Composite, to which Strategy belongs, has fallen over 4% on March 10. Renewed fears of a…

4 things must happen before Ethereum can reclaim $2,600

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Ether (ETH) price dropped below $2,600 on Feb. 24 and has since struggled to sustain a meaningful recovery. The latest correction toward the $2,000 level triggered over $918 million in leveraged long (bull) liquidations in ETH futures within 15 days, according to CoinGlass data. Traders now question what needs to happen for ETH to break above $2,500. Ether/USD (left) vs. total altcoin market cap (right). Source: TradingView / Cointelegraph Ether has underperformed the altcoin market by 10% during this period, as shown in the chart above. More concerningly, this decline…

Crypto needs policy change more than Bitcoin reserve — Execs

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The cryptocurrency industry will benefit more from US regulatory clarity than from President Donald Trump’s plan to create a national Bitcoin (BTC) reserve, several cryptocurrency executives told Cointelegraph.  Trump’s March 6 executive order creating a US strategic Bitcoin reserve and a separate digital asset stockpile for altcoins left crypto industry executives underwhelmed.  Meanwhile, they are still waiting for the White House to provide detailed guidance on issues like securities regulation and taxation, the executives said.  “Markets expect a roadmap for innovation and clear guidelines on stablecoins, institutional adoption and taxation,”…

Coinbase to launch 24/7 BTC, ETH futures in US

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Coinbase announced on March 10 that it plans to offer 24/7 trading for Bitcoin (BTC) and Ether (ETH) futures to US residents. The exchange is also launching perpetual futures trading with long-date expirations. According to Coinbase, much of the current crypto derivatives market takes place outside of US borders, with American traders having to navigate fixed hours and expiring contracts, “which can create inefficiencies.” Futures are a type of derivative that involves creating a contract to buy or sell an asset at a certain price and date. When the futures…

Texas Senate passes Bitcoin reserve bill, New York targets memecoin rug pulls: Law Decoded

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The Texas Senate passed the Bitcoin strategic reserve bill SB-21 on March 6. This followed a debate in which State Senator Charles Schwertner, who introduced the bill, argued that it would help Texas add a valuable and scarce asset to its balance sheet.  Amid fears of Bitcoin (BTC) contending against the US dollar as a global reserve currency, Pro-Bitcoin lawmakers argued that Bitcoin was similar to gold and a hedge against inflation.  If SB-21 is enacted, Texas will be the first state in the US to have a digital asset…

Elon Musk says X is under massive cyberattack, possibly linked to a state-sponsored operation

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Key Takeaways Massive cyberattack targets X in a highly coordinated assault, according to Elon Musk. The team is working to identify and track down the attackers. Share this article Elon Musk has revealed that X is facing a massive and highly coordinated cyberattack that is larger and more sophisticated than the daily attacks they face, potentially involving a nation-state or a well-funded hacking group. Musk’s statement came after thousands of X users reported experiencing widespread outages, login failures, and unusual platform disruptions this morning. The first reports emerged around 5:30…

There is a ‘massive cyberattack against X’

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The X social media platform has been hit with a “massive cyberattack” that has prevented some users from accessing the site, platform owner Elon Musk confirmed on March 10. “We get attacked every day, but this was done with a lot of resources. Either a large, coordinated group and/or a country is involved,” Musk said. Source: Elon Musk Although user functionality was quickly restored, Musk implied that the attack was still ongoing. At the time of writing, there were more than 33,000 reports of X outages on March 10, according…

REX-Osprey files for MOVE ETF

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Asset manager REX-Osprey is seeking to launch an exchange-traded fund (ETF) designed to hold the Movement Network’s native token, MOVE, according to a March 10 announcement.  The filing comes as Movement, a layer-2 (L2) blockchain network, launches its public mainnet beta, Movement said.  It is the latest example of a fund sponsor filing to list an ETF comprising an alternative cryptocurrency, or “altcoin.”  “Traditional investors have expressed keen interest in gaining regulated exposure to emerging blockchain technologies without directly managing tokens,” Cooper Scanlon, Movement Labs’ co-founder, said in a statement. …

What Canada’s new Liberal PM Mark Carney means for crypto

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Mark Carney, a Canadian economist and now Prime Minister-designate, is already under the microscope for his previous remarks regarding cryptocurrency.  Carney, who replaced former Prime Minister Justin Trudeau, took a measured and critical approach to cryptocurrencies, namely Bitcoin (BTC), in a 2018 speech he made at the Bank of England. He also shared concerns over private stablecoins and supported the idea of a central bank currency (CBDC) — a concept many crypto purists regard as antithetical to cryptocurrencies. At the same time, Carney has said in his platform for the…

Bitcoin’s price drop sparks speculation over DOJ’s possible sell-off

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Key Takeaways Speculation suggests the US DOJ may be liquidating seized Bitcoin, impacting its price. Clarity on Bitcoin’s price movement linked to DOJ actions is expected within 30 days. Share this article David Bailey, a well-known Bitcoin advocate and CEO of BTC Inc, speculated that Bitcoin’s recent price decline might be connected to the US Department of Justice’s (DOJ) selling activities. “If the DOJ has been liquidating America’s bitcoin with haste (in defiance of the President) ever since getting court approval to do so 3 months ago… then Bitcoin’s price…