Day: March 23, 2025

Fidelity files for Ethereum-based US Treasury fund ‘OnChain’

admin

Fidelity Investments has filed to register a tokenized version of its US dollar money market fund on Ethereum — joining the likes of BlackRock and Franklin Templeton in the blockchain tokenization space. Fidelity’s March 21 filing with the US securities regulator said “OnChain” would help track transactions of the Fidelity Treasury Digital Fund (FYHXX) — an $80 million fund consisting almost entirely of US Treasury bills. While OnChain is pending regulatory approval, it is expected to take effect on May 30, Fidelity said. Fidelity’s filing to register a tokenized version…

Cathie Wood to kick off El Salvador’s AI public education program

admin

Cathie Wood, founder of the Ark Invest investment firm, will give the inaugural lecture for El Salvador’s new Urban Centers for Welfare and Opportunities (CUBO) AI program, a public education initiative spearheaded by the government of El Salvador. According to El Salvador’s Bitcoin Office, the program will bring university-level AI courses to students and professionals and follows the country’s highly successful CUBO Bitcoin (BTC) and Lightning Network developer program. The program will leverage industry experts to provide AI education to the public. El Salvador’s Bitcoin Office wrote in a March…

Bitcoin mining hashprice stays flat despite higher difficulty: Report

admin

The Bitcoin (BTC) mining hashprice — a miner’s daily revenue per unit of hashing power expended to mine blocks — has remained constant at around $48 per petahash per second (PH/s), despite a slight 1.4% uptick in Bitcoin difficulty. Data from CoinWarz shows that the Bitcoin difficulty climbed to 113.76 trillion at block 889,081 on March 23, up from the 112.1 trillion difficulty in the previous epoch. According to TheMinerMag, a hashprice below $50 places financial stress on miners running older hardware such as the Antminer S19 XP and S19…

Bitcoin price recovery sets base for TON, AVAX, NEAR, OKB to rally

admin

Bitcoin (BTC) bulls are trying to make a comeback by maintaining the price above the 200-day simple moving average ($84,899) over the weekend. Bitget Research chief analyst Ryan Lee told Cointelegraph that Bitcoin needs to close above $85,000 this week to signal strength and “prevent a drop to $76,000.” Lee added that a close above $87,000 would give a clearer bullish confirmation. Tariff wars have rocked both traditional markets and the cryptocurrency markets in the past few days. Nansen research analyst Nicolai Sondergaard believes the markets may remain under pressure…

Bitcoin ‘in position’ for first key RSI breakout in 6 months at $85K

admin

Bitcoin (BTC) circled $85,000 into the March 23 weekly close as excitement over a key trend change brewed. BTC/USD 1-hour chart. Source: Cointelegraph/TradingView Bitcoin price meets decisive RSI setup Data from Cointelegraph Markets Pro and TradingView showed BTC/USD finding strength during weekend trading. Up 1.5% on the day, Bitcoin edged higher as part of a broad crypto market uptick, which also lifted various major altcoins. “I think this next week will be telling where the market wants to head for the next higher timeframe move,” popular trader Daan Crypto Trades…

Trump publicly endorses TRUMP coin on Truth Social, token jumps 10%

admin

Key Takeaways Donald Trump publicly endorsed the $TRUMP token on Truth Social, leading to initial price and trading volume surges. The $TRUMP token experienced high volatility with its price significantly dropping post the launch of the $MELANIA token. Share this article President Donald Trump has voiced strong support for the Official Trump ($TRUMP) token. In a Sunday post on Truth Social, he described the token as ‘so cool’ and hailed it as ‘the greatest of them all.’ Trump’s endorsement triggered a 10% surge in the $TRUMP token’s price. CoinGecko data…

Saylor hints at impending BTC purchase after latest capital raise

admin

Strategy co-founder Michael Saylor hinted at an impending Bitcoin (BTC) purchase after the company raised additional capital this week through its latest preferred stock offering. The executive posted the Sunday Bitcoin chart on X that signals another BTC acquisition the next day — when traditional financial markets open — with the playful message “needs more orange.” According to SaylorTracker, the company’s most recent BTC acquisition occurred on March 17, when Strategy purchased 130 BTC, valued at $10.7 million, bringing its total holdings to 499,226 BTC. Strategy’s total Bitcoin purchases. Source:…

Ethereum eyes 65% gains from ‘cycle bottom’ as BlackRock ETH stash crosses $1B

admin

Ethereum’s native token, Ether (ETH), has lost half of its value in the past three months, crashing from $4,100 in December 2024 to as low as around $1,750 in March 2025. Nevertheless, it is now well-positioned for a sharp price rebound. 65% ETH price rebound in play by June From a technical standpoint, Ether’s price is eyeing a potential breakout as it retests a long-term support zone. Historically, bounces from this multi-year support have led to explosive rallies — most notably gains of over 2,000% and 360% during past cycles.…

Move aside, location — crypto fuels the talent revolution

admin

Opinion by: Nick Denisenko is the chief technology officer and co-founder of Brighty You can’t fight it. Crypto investments and transactions are on the up. The technology is seamless in crossing borders and making international transactions convenient. Many people report this as a reason for choosing to receive payments in crypto. Using cryptocurrency to pay bills is becoming increasingly popular as digital currencies gain wider acceptance. And, with the number of digital nomads expected to exceed 60 million by 2030, the shift toward crypto has glaring consequences for businesses attracting…

ETH may reclaim $2.2K “macro range” amid growing whale accumulation

admin

Ether needs to reclaim the “macro” range above the $2,200 mark to amass more upside momentum as crypto markets remain pressured by global macroeconomic concerns until at least the beginning of April. Ether (ETH) price is down over 51% during its three-month downtrend after it peaked above $4,100 on Dec. 16, 2024, TradingView data shows. ETH/USD, 1-day chart. Source: Cointelegraph/TradingView To stage a reversal from this downtrend, Ether price needs to reclaim the “macro range” above $2,200, wrote popular crypto analyst Rekt Capital in a March 19 X post: “If…