Banking giants HSBC and Standard Chartered are expected to be among the first institutions to receive stablecoin issuer licenses in Hong Kong, marking a major step in the city’s effort to build a regulated digital-asset ecosystem. Summary HSBC and Standard Chartered are expected to receive Hong Kong’s first stablecoin issuer licenses. The approvals would fall
The Ethereum Foundation has sold 5,000 ETH to publicly traded treasury firm BitMine Immersion Technologies in an over-the-counter deal worth just over $10.2 million. Summary The Ethereum Foundation offloads 5,000 ETH to BitMine as price climbs above $2K The OTC transaction was priced at an average of $2,042.96 per coin ETH is up 8.2% over
Whale wallets ramp up Bitcoin buying as price hovers around $71K, according to on-chain data published by Santiment. Summary Bitcoin whales resumed accumulation after two weeks of selling. BTC gained 2.4% while the S&P 500 fell 2.2% over five weeks. Long-term holder MVRV at -25% signals potential accumulation zone. Wallets holding between 10 and 10,000
The price of Pi Network surged more than 30% on March 13 after a fresh exchange listing and growing anticipation around the project’s upcoming Pi Day event. Summary Pi Network’s token surged more than 30% after being listed on Kraken. A mainnet protocol upgrade and Pi Day hype are adding to bullish sentiment. Technically, $0.30
The price of Bitcoin climbed to a weekly high on March 13, defying geopolitical concerns tied to rising tensions between the United States and Iran. Summary Bitcoin price reached a weekly high near $72,000, holding above the $70K level. Negative funding rates on Binance suggest many traders are still shorting the rally. A potential short
The Bitcoin Policy Institute said it plans to review and respond to an upcoming proposal from the Federal Reserve that could shape how U.S. banks treat Bitcoin under international banking standards. Summary The Bitcoin Policy Institute plans to review and comment on an upcoming Federal Reserve proposal on Basel rules. The proposal will open a
In this week’s edition of the weekly recap, Token2049 organizers postponed the Dubai edition until 2027 citing safety concerns from escalating Iran-Israel-U.S. tensions, Robinhood reported February crypto notional volumes increased 9% to $25 billion and the Ethereum Foundation published a formal mandate establishing its role as steward of a censorship-resistant, privacy-first protocol. Summary Token2049 Dubai
Ethereum’s price rallied to a weekly high of $2,144 on Friday following the strong debut of investment manager BlackRock’s staked Ethereum ETF. Summary Ethereum price broke past the $2,100 resistance level on March 13. BlackRock’s staking ETF ETHB pulled in $15.5 million in trading volume on launch day. A bullish SMA crossover is close to
Ethereum co-founder Vitalik Buterin has clarified the circumstances surrounding his massive 2021 crypto donation to the Future of Life Institute, while distancing himself from some of the group’s more recent policy approaches toward artificial intelligence. Summary Vitalik Buterin clarified that his massive donation to the Future of Life Institute came from SHIB tokens sent to
Bitcoin’s brief jump above $73k shows bulls still in control, but Iran war risks, oil shocks and crowded leverage leave BTC vulnerable to a violent flush. Summary Bitcoin price reclaimed the $73k area as global risk assets bounced despite ongoing Iran war headlines and oil market stress. Derivatives data show rising funding, packed longs and
