Monthly Archives: March 2025

Bitcoin high-entry buyers are driving sell pressure, price may ‘floor’ at $70K

Bitcoin buyers who purchased around when it hit a $109,000 all-time peak in January are now panic-selling as the cryptocurrency declines, says onchain analytics firm Glassnode, which isn’t ruling out that Bitcoin could slide to $70,000. Glassnode said in a March 11 markets report that a recent sell-off by top buyers has driven “intense loss […]

Luxury fashion giant LVMH sued over NFT patent tech for watches

A company selling smartwatch face designs through non-fungible tokens has sued LVMH, accusing the luxury fashion conglomerate of patent infringement. In a March 10 complaint filed to a Texas federal court, Watch Skins Corporation alleged that LVMH misappropriated its “pioneering NFT display technology.” Watch Skins claimed it developed a unique system that allows users to […]

Bitcoin jumps 7% despite metrics flashing ‘bearish territory’

Bitcoin has clocked a 7% gain over the past 24 hours despite all of its valuation metrics leaning bearish and US demand recently waning off. “All Bitcoin valuation metrics indicate that we are in bearish territory,” onchain analytics platform CryptoQuant said in a March 11 markets report viewed by Cointelegraph.  Demand falling at “fastest pace” […]

Starknet to settle on Bitcoin and Ethereum to unify the chains

Ethereum layer 2 Starknet is laying the groundwork to settle on Bitcoin and Ethereum to unify the two largest blockchains on a single layer. The Starknet Foundation said in its March 11 Bitcoin roadmap that it’s aiming for Starknet to become Bitcoin’s execution layer, scaling it from 13 transactions per second to thousands, reducing blocks […]

Senator Lummis’ new BITCOIN Act allows US reserve to exceed 1M Bitcoin

US Senator Cynthia Lummis’ newly reintroduced BITCOIN Act will allow the government to potentially hold more than 1 million Bitcoin as part of its newly established reserve. The bill, first introduced in July, directs the US government to buy 200,000 Bitcoin (BTC) a year over five years for a total acquisition of 1 million Bitcoin, […]

Cboe seeks to add staking to Fidelity’s Ether ETF

Securities exchange Cboe BZX is seeking permission from US regulators to incorporate staking into Fidelity’s Ether exchange-traded fund (ETF), according to a March 11 filing.  The filing marks Cboe’s latest attempt to support staking for the Ether (ETH) funds traded on its US exchange.  Cboe’s proposed rule change would allow Fidelity Ethereum Fund (FETH) to […]

EU watchdogs scrutinizing OKX over $100M in Bybit laundered funds: Report

European Union regulators are reportedly looking into a service offered by crypto exchange OKX that may have played a role in the laundering of $100 million in funds from the Bybit hack, according to Bloomberg. A March 11 Bloomberg report citing people familiar with the matter claims that national watchdogs from the EU’s member states […]