Day: March 10, 2025

Bitcoin nears $78K lows as US stocks dive at the Wall Street open

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Bitcoin (BTC) sought a rematch with multimonth lows on March 10 as familiar selling accompanied the start of Wall Street trading. BTC/USD 1-hour chart. Source: Cointelegraph/TradingView BTC price sags closer to new four-month lows Data from Cointelegraph Markets Pro and TradingView showed BTC/USD down around 4% on the day to reach $79,170 on Bitstamp. Weakness into the weekly close continued as risk assets across the board suffered a flight to safety. Stocks fell substantially at the open, with the S&P 500 and Nasdaq Composite Index down 2% and 3.5%, respectively.…

Coinbase to launch first 24/7 Bitcoin and Ethereum futures in the US

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Key Takeaways Coinbase Derivatives plans to launch 24/7 Bitcoin and Ethereum futures trading in the US. The launch will allow American traders round-the-clock access to regulated crypto futures contracts. Share this article Coinbase Derivatives plans to launch 24/7 Bitcoin and Ethereum futures trading in the US in the coming weeks, marking the first time American traders will have round-the-clock access to regulated crypto futures contracts. The CFTC-regulated futures exchange aims to address the gap between traditional US trading hours and global crypto markets, which currently account for over 75% of…

Thailand regulator approves USDT, USDC stablecoins

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The Thailand Securities and Exchange Commission (SEC) has approved Tether’s USDt (USDT) and Circle’s USDC (USDC) for cryptocurrency trades, allowing the stablecoins to be listed on regulated exchanges across the country. Thailand’s SEC announced the approvals last week after soliciting feedback from the public on proposed regulatory changes that were finalized in February and scheduled to go into effect on March 16. As Cointelegraph previously reported, there have been growing calls within Thailand to legitimize cryptocurrency usage and urge stablecoin adoption to boost domestic revenue. This followed the creation of…

Emerging technology regulations: a comprehensive, evergreen approach

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Opinion by: Merav Ozair, PhD Technology is advancing at the speed of light today more than ever. We have surpassed Moore’s law — computational power is doubling every six months rather than every two years — while regulations are, and have been, playing catchup. The EU Artificial Intelligence Act just came into force in August 2024 and is already falling behind. It did not consider AI agents and is still wrestling with generative AI (GenAI) and foundation models. Article 28b was added to the act in June 2023 after the…

The first vertically integrated gold tokenization project

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As the global demand for gold remains strong and the asset’s price has reached all-time highs, investors face a difficult choice between various gold investment vehicles. Traditional methods for investing in gold come with a number of drawbacks. Physical gold incurs substantial buy and sell fees, gold futures require advanced financial literacy, while gold-backed cryptocurrencies often lack reliable reserve audits, or their sources of gold are opaque. IPMB: bringing together gold and cryptocurrency The International Precious Metals Bullion Group (IPMB) combines vast experience in the gold industry with opportunities provided…

Ethereum price bottom? $1.8B in ETH leaves exchanges, biggest outflow since 2022

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Ethereum’s native token, Ether (ETH), witnessed its lowest weekly close since November 2023, highlighting just how much the top altcoin has struggled over the past few months. Ethereum 1-day chart. Source: Cointelegraph/TradingView In the past 83 days, it declined by 51%, translating to an average daily loss of approximately 0.61%. If the losses are compounded daily, the rate increases to about 0.84%. Ethereum exchange outflows hit 27-month high According to IntoTheBlock, a crypto analytics platform, Ethereum witnessed significant outflows worth $1.8 billion over the past week. It was the highest…

European lawmakers silent on US Bitcoin reserve amid digital euro push

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European lawmakers have remained silent on the United States’ Strategic Bitcoin Reserve order, a landmark policy shift favoring early adopters of Bitcoin due to its economic model. US President Donald Trump’s March 7 executive order outlined a plan to create a Bitcoin reserve using cryptocurrency seized in criminal cases rather than purchasing Bitcoin (BTC) on the market. Despite the significance of this move, European policymakers have yet to make any major public statements regarding Bitcoin reserves, raising questions about their stance on integrating BTC into national reserves. This may signal…

Strategy to offer $21B in preferred stock to expand Bitcoin holdings

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Key Takeaways Strategy plans to offer up to $21 billion in preferred stock to expand its Bitcoin holdings. The company uses various financing methods, such as debt offerings and equity issuances, to fund Bitcoin acquisitions. Share this article Strategy plans to sell up to $21 billion in 8.00% Series A Perpetual Strike Preferred Stock through an at-market offering, according to a Monday filing with the SEC. The company intends to use the net proceeds from this offering for general corporate purposes, including Bitcoin acquisitions and working capital. As detailed in…

Unichain, Berachain lead blockchain growth in past month — Nansen

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Uniswap’s newly launched Ethereum layer-2 network, Unichain, was the fastest-growing blockchain in its debut month, according to blockchain data firm Nansen. Unichain, which launched its mainnet on Feb. 11, saw 236,452 active addresses in its first month, according to blockchain analytics firm Nansen. While impressive for a new network, Unichain’s user base remains small compared to Solana’s 112 million total users and the roughly 19 million active users on Base and BNB Chain. Berachain has more active addresses, but Unichain’s DEX volume dominates. Source: Nansen However, Unichain has already emerged…

Crypto firms spent $134M on 2024 US elections, raising influence concerns

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Cryptocurrency companies spent more than $134 million on the 2024 US elections, fueling concerns about their growing political influence and potential risks to regulatory stability, according to a report by the Center for Political Accountability (CPA). The growing connection of crypto firms with US politics is raising newfound concerns for regulators, investors and the wider financial system, according to a report released by the Center for Political Accountability (CPA). Cryptocurrency firms shelled out a cumulative $134 million on the 2024 US elections in “unchecked political spending,” which presents some critical…