Day: March 28, 2025

Donald Trump pardons three BitMEX co-founders — Report

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US President Donald Trump has reportedly issued pardons to three of the co-founders of the cryptocurrency exchange BitMEX, who had pleaded guilty to felony charges. According to a March 28 CNBC report, Trump granted pardons to Arthur Hayes, Benjamin Delo and Samuel Reed, who were facing a range of criminal charges related to money laundering or violations of the Bank Secrecy Act. Hayes and Delo pleaded guilty in February 2022, admitting they “willfully fail[ed] to establish, implement and maintain an Anti-Money Laundering program” at BitMEX, while Reed entered a plea…

Ethereum futures premium hits 1+ year low — Is it time to buy the ETH bottom?

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Ether (ETH) price fell 9.3% between March 26 and March 28, testing the $1,860 level for the first time in two weeks. This correction led to over $114 million in liquidations of leveraged ETH futures and caused the premium relative to the regular spot market to drop to its lowest level in over a year.  Some traders have said that the rock-bottom ETH futures premium is a bottom signal, but let’s dig deeper into the data to see if this perspective makes any sense.   ETH 1-month futures premium relative to…

President Trump grants pardons to BitMEX founders Arthur Hayes, Benjamin Delo, and Samuel Reed

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Key Takeaways Three BitMEX founders—Hayes, Delo, and Reed—received pardons from President Trump. The co-founders of BitMEX were indicted in 2020 for violating the Bank Secrecy Act. Share this article President Donald Trump on Thursday issued presidential pardons to BitMEX co-founders Arthur Hayes, Benjamin Delo, and Samuel Reed, according to a new report from CNBC. The trio established BitMEX in 2014, with Hayes as CEO. The Seychelles-based platform has become a key player in crypto derivatives trading, specializing in perpetual contracts and futures. In October 2020, the co-founders of BitMEX were…

Bitcoin to $110K next, Hyperliquid whale bags $6.2M ‘short’ exploit: Finance Redefined

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Bitcoin price is poised to hit $110,000 before retesting the $76,500 range, according to Arthur Hayes, pointing to easing inflationary concerns and more favorable monetary policy conditions in the US that are set to bolster risk assets, including the world’s first cryptocurrency. Still, the decentralized finance (DeFi) industry took another hit after an unknown whale exploited Hyperliquid’s algorithms to generate over $6 million in profit on a memecoin short position. Bitcoin “more likely” to hit $110,000 before $76,500 — Arthur Hayes Bitcoin may reach a new all-time high of $110,000…

Anti-L2 push could ‘break the social fabric’ of Ethereum — Sandeep Nailwal

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A portion of the Ethereum community is pressuring the Ethereum Foundation to make decisions that may “break the entire social fabric” of the smart contract network by restricting Ethereum’s layer-2 (L2) networks, Polygon co-founder Sandeep Nailwal said. Speaking during a March 28 episode of Cointelegraph’s Chain Reaction show on X, the Polygon founder said that he has only seen this type of pressure and anti-L2 rhetoric during the current market cycle amid suppressed price action for Ether (ETH). “Everybody understands that if Ethereum doesn’t survive, the layer-2s won’t survive,” Nailwal…

BTC, ETH, XRP, BNB, SOL, DOGE, ADA, TON, LINK, AVAX

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Bitcoin (BTC) is moving farther away from the crucial $90,000 mark, indicating that buying dries up at higher levels. Market participants seem nervous about the fresh round of US trade tariffs and the renewed inflation pressure as US Personal Consumption Expenditures data came in hotter-than-expected. Traders are divided about Bitcoin’s price trajectory in 2025. Analyzing data from the prediction markets platform Polymarket, X user Ashwin highlighted that Bitcoin’s most bearish target for 2025 is $59,040, and the most bullish is $138,617. Crypto market data daily view. Source: Coin360 Although the…

Terraform Labs to open loss claims portal on March 31

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Terraform Labs — the company behind LUNA (LUNA) and algorithmic stablecoin TerraUSD (UST) — will launch its crypto loss claims portal on March 31. The portal is aimed at reimbursing individuals who lost at least $100 due to the collapse of the Terra ecosystem in 2022. The move follows a Delaware court’s approval for Terraform Labs to wind down operations. The judge overseeing the case agreed with Terraform Labs’ bankruptcy plan, calling it a “welcome alternative” to further litigation over investor losses. Terraform Labs settled with the US Securities and…

Trump plans to meet with Bitcoin bull Nayib Bukele next month

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Key Takeaways Trump plans to meet Bitcoin advocate Nayib Bukele at the White House next month. El Salvador adopted Bitcoin as legal tender, and holds reserves in the digital asset. Share this article US President Donald Trump plans to meet with El Salvador President Nayib Bukele at the White House next month, Bloomberg reported Friday, citing sources with knowledge of the plan. The two pro-Bitcoin leaders have maintained connections. Trump and Bukele held a phone conversation days after his inauguration, during which they discussed collaboration on combating illegal immigration and…

Is Cardano (ADA) a “zombie crypto”?

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For years, Cardano (ADA) has been a cornerstone of the crypto landscape, consistently ranking among the top digital assets by market capitalization. Yet, despite its prominence, ADA’s performance has left many investors questioning its long-term prospects. While it recently made headlines for being included in US President Donald Trump’s initial proposal for a national crypto stockpile, its price action and onchain activity tell a different story — one that has even led some critics to brand it a “zombie.” Recent findings suggest that the ecosystem behind ADA, the Cardano network,…

Bitcoin price drop to $72K possible due to ‘macro liquidity’ conditions — Analyst

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After a positive start to the week, Bitcoin price reverted to negative returns after BTC (BTC) dropped 3.5% to an intraday low of $84,120 on March 28. The price rejection occurred at the cusp of the descending trendline (black) and the upper range of the ascending channel pattern. Bitcoin 1-day chart. Source: Cointelegraph/TradingView On the daily chart, BTC is currently below the 200-day exponential moving average (EMA) again, and a potential close below the key indicator might trigger further downside.    Global liquidity expansion could help Bitcoin price Recent analysis…