Author: boss

JPMorgan Says Bitcoin Is Beating Gold, Silver During The Iran War

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JPMorgan says the Iran war has produced an unusual market split: bitcoin is showing signs of safe-haven demand while gold and silver, the traditional geopolitical hedges, have weakened under the pressure of outflows, profit-taking and deteriorating liquidity. In a report dated March 26, Nikolaos Panigirtzoglou and his team said bitcoin has held up better than precious metals since the conflict escalated. Gold is down about 15% this month, according to the bank, while gold ETFs recorded nearly $11 billion in outflows in the first three weeks of March. Silver has…

Enlivex Announces $21M Debt Financing and Prediction Markets Treasury Expansion – News Bytes Bitcoin News

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Enlivex Ltd. announced the completion of a $21 million debt financing (DF) agreement with The Lind Partners in Nes-Ziona, Israel. The transaction, which closed on March 23, includes notes convertible into ordinary shares at a 264% premium to recent Nasdaq closing prices. The company exercised an option to acquire over 3 billion RAIN tokens at a 62% discount and extended its option to purchase additional tokens through December 31, 2027. This strategy reinforces their treasury built on the Rain decentralized prediction markets protocol, alongside a new $20 million share repurchase…

Vietnam Arrests Suspects in ONUS Crypto Scheme Probe

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Vietnamese authorities have detained multiple ONUS-linked suspects after alleging they used false promotions and manipulated token trading to misappropriate investor funds through the crypto platform. The Ministry of Public Security said Thursday that the investigation targeted a group accused of selling digital tokens through the Onus platform, using misleading promotions and coordinated trading activity to attract users. Authorities claim the group manipulated supply and demand and adjusted token prices, presenting the assets as legitimate investment opportunities while maintaining centralized control over their markets.  Investigators named several suspects in the case,…

GameStop says Bitcoin position remains in place under Coinbase deal

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GameStop said it did not sell the 4,709 Bitcoin tied to its January balance sheet change.  Summary GameStop pledged 4,709 BTC with Coinbase Credit and kept economic exposure instead of selling outright. The covered-call strategy generated premium income but capped upside if Bitcoin rises above strike prices. GameStop reclassified the pledged Bitcoin and recorded digital asset receivables on its balance sheet. Instead, the company used the holdings in a covered-call arrangement with Coinbase Credit, according to its latest annual filing. GameStop’s latest 10-K filing showed that the company still kept…

Australia Court Fines Binance $6.9 Million over Client Onboarding Failures

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An Australian court ordered Binance Australia Derivatives to pay $6.9 million after misclassifying retail clients and exposing them to high-risk crypto products. The Federal Court of Australia has ordered Oztures Trading Pty Ltd, trading as Binance Australia Derivatives, to pay a 10 million Australian dollar ($6.9 million) penalty after the company admitted to misclassifying more than 85% of its Australian client base and exposing retail investors to high-risk crypto derivatives without required protections. The Australian Securities and Investments Commission (ASIC) said the affected group included 524 retail investors who were…

BlackRock, Fidelity lead Bitcoin ETF sell-off as BTC drops

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US spot Bitcoin exchange-traded funds posted their largest daily outflows in weeks on Thursday, as Bitcoin fell below $70,000 and market risk stayed elevated.  Summary US spot Bitcoin ETFs recorded $171 million in outflows, the largest daily withdrawal since March 3. BlackRock, Fidelity, ARK, and Grayscale led withdrawals as Bitcoin dropped below the key $70,000 level. Despite Thursday outflows, US spot Bitcoin ETFs still attracted $1.36 billion in March net inflows. The sell-off came after a strong month for US-listed Bitcoin ETFs, which had already attracted fresh capital in March.…

Bitcoin ETFs Bleed $171M, as Investors Fear Weekend War Escalation

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US spot Bitcoin exchange-traded funds (ETFs) logged $171 million in outflows on Thursday, their biggest day of redemptions since March 3, when they posted $348 million in outflows.  BlackRock’s iShares Bitcoin Trust ETF (IBIT) led the outflows with $41 million, Fidelity’s Wise Origin Bitcoin Fund (FBTC) followed with $32 million, the ARK 21Shares Bitcoin ETF (ARKB) sold $30.5 million, and Grayscale’s Bitcoin Trust ETF (GBTC) sold $24 million, according to data from Farside Investors. The outflows follow a period of demand for Bitcoin ETFs, which attracted $1.36 billion in monthly…

Pundit Reveals What Would Need To Happen For Dogecoin Price To Hit $10

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Over the years, there have been various predictions that have put the Dogecoin price as high as $10. Mostly, the last bull cycle was expected to propel the meme coin through this target. However, Dogecoin was unable to clear its previous $0.74 all-time high, and thus, the $1 level remains elusive. While this is going on, a market analyst has shared multiple reasons that will actually cause the meme coin’s price to reach the coveted $10 level. The Factors That Will Determine The Surge In an X post, crypto market…

Circle and Sasai Partner to Expand USDC Stablecoin Payments Across Africa – News Bytes Bitcoin News

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Circle and Sasai Fintech, a business of Cassava Technologies, launched an initiative to integrate internet-native stablecoin payments into the regional economy. The partnership focuses on reducing costs and settlement times for cross-border commerce and mobile-first consumers across several high-growth payment corridors. The collaboration leverages Circle’s regulated stablecoin and full-stack platform to connect African businesses and individuals to the global financial system. By utilizing the world’s largest stablecoin network, Sasai Fintech aims to enhance its unified suite of digital services across its 94-country reach. “By integrating with the trusted and widely…

Analyst Warns Downtrend Won’t Be Over Soon

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As Dogecoin (DOGE) retests a key multi-year support, some analysts predict a bearish outlook for the largest memecoin by market capitalization, warning that its bottom may not be in yet. Related Reading Dogecoin Targets Lower Levels On Thursday, Dogecoin erased most of its early-week bounce and retested the $0.090 area once again. Market observer Rekt Capital highlighted DOGE’s recent performance, warning that its price correction may not be over yet. As he explained, the leading memecoin lost its multi-year macro uptrend back in November, when it closed the month below…