Day: March 26, 2025

Bitcoin mining stocks down after Microsoft scraps data center plans

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Bitcoin (BTC) mining stocks are down after tech giant Microsoft reportedly scrapped plans to invest in new artificial intelligence data centers in the US and Europe, citing a potential oversupply, according to a report by Bloomberg and data from Google Finance. Shares of crypto miners Bitfarms, CleanSpark, Core Scientific, Hut 8, Marathon Digital and Riot dropped between 4% and 12% in tandem with the news, the data showed. The stock price retrenchments highlight cryptocurrency miners’ increased dependence on business from artificial intelligence models after the Bitcoin network’s April 2024 “halving”…

Ethereum’s (ETH) path back to $2.5K depends on 3 key factors

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Ether (ETH) price reclaimed the $2,000 support on March 24 but remains 18% below the $2,500 level seen three weeks ago. Data shows Ether has underperformed the altcoin market by 14% over the past 30 days, leading traders to question whether the altcoin can regain bullish momentum and which factors might drive a trend reversal. Ether/USD (left) vs. total altcoin capitalization, USD (right). Source: TradingView / Cointelegraph Ether appears well-positioned to attract institutional demand and significantly reduce the FUD that has limited its upside potential. Critics have long argued that…

Interactive Brokers adds SOL, ADA, XRP, DOGE for trading

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Interactive Brokers, a global brokerage that recorded $9.3 billion in revenue for 2024, is expanding its altcoin offerings to include four new tokens. According to a March 26 announcement, the platform has added Solana (SOL), Cardano (ADA), XRP (XRP), and Dogecoin (DOGE) for trading. The four coins have a combined market capitalization of $267.2 billion at this writing. The additions double Interactive’s crypto offerings to traders. Since 2021, it has enabled trading in Bitcoin (BTC), Ether (ETH), Litecoin (LTC), and Bitcoin Cash (BCH) pairs. Both trading and custody services will…

Is Hyperliquid the next FTX? JELLY drama triggers Bitget CEO warning

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Key Takeaways Bitget’s CEO has issued a warning about the potential risks at Hyperliquid after a major incident involving the JELLY token. Hyperliquid faces criticism for its handling of the JELLY incident, with concerns about its operational structure and user safety. Share this article Bitget’s CEO, Gracy Chen, warned today about potential risks at crypto trading platform Hyperliquid following controversial handling of the JELLY token incident. #Hyperliquid may be on track to become #FTX 2.0. The way it handled the $JELLY incident was immature, unethical, and unprofessional, triggering user losses…

We’ve Turned A Generation Of Bitcoiners Into Digital Goldbugs

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Bitcoin is a technology. It is not some force of the universe, some natural element or mineral that was “discovered” floating out in the ether. It is a technology. Technologies are created by human beings, not discovered. They are designed. That design has intent, elements of it are made specifically in a way to facilitate that intent. The tolerances of what a technology can or cannot handle are a result of those design decisions, which are in turn a result of the intent.  New Bitcoiners are being brought into the…

XRP price at risk of 50%+ correction if bearish trading pattern holds — Peter Brandt

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XRP (XRP) price continues to underperform the broader crypto market this week, even though multiple altcoins turned green as Bitcoin (BTC) rallied to $88,800. XRP 1-day chart. Source: Cointelegraph/TradingView The altcoin is down 4.7% over the past seven days, putting a pause to the 11% rally seen on March 19, when the Ripple’s SEC “lawsuit ending” news made headlines. XRP trading volumes have also dropped from around $4 billion to $2.6 billion, i.e., a 35% dip over the past week. XRP price peers over a steep cliff In a recent…

Specialized purpose DEXs poised for growth in 2025 — Curve founder

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Several sectors of decentralized finance are poised for growth in 2025, including special-purpose decentralized exchanges (DEXs), stablecoins, and tokenized assets, according to Curve Finance founder Michael Egorov. Growth in decentralized exchanges will be driven by new purpose-tailored platforms, such as exchanges for stablecoins pegged to different underlying fiat currencies, thus solving the foreign exchange problem in stable tokens, Egorov said in an interview with Cointelegraph. The Curve founder added: “Exchanges between stablecoins of different denominations like the Euro, US dollar, and others are not yet properly solved. How to provide…

Hyperliquid ditches JELLYJELLY, profits $700K as whale’s gambit backfires

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Key Takeaways Hyperliquid narrowly avoided a $12 million loss in what appears to be a Jelly-My-Jelly token manipulation scheme. Concerns have been raised about Hyperliquid’s liquidation mechanism and associated risks. Share this article Hyperliquid delisted JELLYJELLY after a shadowy whale’s audacious shorting spree sent shockwaves through the exchange, nearly sinking its HLP Vault with a $12 million loss in a matter of minutes. After evidence of suspicious market activity, the validator set convened and voted to delist JELLY perps. All users apart from flagged addresses will be made whole from…

Price analysis 3/26: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, LINK, AVAX, XLM

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Bitcoin (BTC) bulls have maintained the pressure and are attempting to push the price above the $90,000 resistance. A positive sign in favor of the bulls is that the US spot Bitcoin exchange-traded funds have witnessed net inflows for eight successive trading days, according to SoSoValue data. That indicates institutional investors are gradually buying again. In another positive, a Bitcoin whale bought 2,400 Bitcoin — worth over $200 million — on March 24 to increase the total holding to more than 15,000 BTC, blockchain analytics firm Arkham Intelligence said in…

GameStop’s Bitcoin Move Looks Bold—But It Might Be Brilliant

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This week, GameStop quietly updated its investment policy to include Bitcoin as a treasury reserve asset. With approximately $4.78 billion in cash—nearly 37% of its $12.9 billion market cap—this move marks more than just a diversification of reserves. JUST IN: @GameStop updates its investment policy to add #Bitcoin as a treasury reserve asset. The company holds ~40% of its $11B market cap in cash reserves—that’s $4.62 BILLION of capital looking for a new home. pic.twitter.com/o62rrdwpKo — Bitcoin For Corporations (@BitcoinForCorps) March 25, 2025 It’s a signal that corporate treasury strategy…