Category: Bitcoin News

Bitcoin and Ethereum drop as Iran raises Hormuz war risk

boss

Two Chinese container ships linked to Cosco briefly moved toward the Strait of Hormuz on Friday before turning back near Iranian waters, adding to market concern over shipping access in the Gulf.  Summary Two Chinese-linked ships turned back near Hormuz as Iran enforced stricter control over vessel movements. Iran warned certain ships against transit, calling the strait closed to its stated enemies. Bitcoin and Ethereum fell as geopolitical tension increased and uncertainty spread across global financial markets. Meanwhile, the moves came as Iran’s Revolutionary Guard repeated that traffic tied to…

Tether Hires KPMG for First Full Financial Audit of USDT Reserves – Crypto News Bitcoin News

boss

Tether Reported to Hire KPMG for First Full USDT Audit The Financial Times reported on Friday that KPMG is the firm selected to perform the audit, citing people familiar with the matter. Tether had announced the engagement three days earlier without naming the auditor, describing the process as “the biggest ever inaugural audit in the history of financial markets.” The company has also reportedly retained PwC to help prepare its internal systems, controls, and reporting ahead of the review. The audit covers Tether’s full balance sheet, including U.S. Treasuries, cash…

Australia Fines Binance $6.9 Million Over Client Misclassification – Crypto News Bitcoin News

boss

Binance Hit With $6.9 Million Fine in Australia Case Binance’s Australian derivatives arm has been ordered to pay $6.9 million (A$10 million) after a federal court found serious failures in how it classified customers. The ruling marks one of the most significant enforcement actions against a crypto exchange in the country. The case stems from a lawsuit filed by the Australian Securities and Investments Commission (ASIC) in 2024. Regulators alleged that Binance Australia Derivatives misclassified a large portion of its users, exposing them to complex and high-risk crypto products without…

Bitcoin whales add 61,568 BTC as price slips again

boss

Bitcoin (BTC) remained under pressure on Friday as on-chain data showed large holders were still adding to their positions.  Summary Santiment said wallets holding 10 to 10,000 BTC added 61,568 Bitcoin over the past month. Bitcoin fell below recent highs as Bhutan-linked transfers and Middle East tensions added pressure again. Retail wallets with under 0.01 BTC kept buying, matching whale accumulation and delaying breakout signals. The move came as retail wallets also kept buying, while market sentiment stayed weak amid fresh geopolitical risk and renewed selling activity from Bhutan-linked wallets.…

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

boss

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…

GameStop says Bitcoin position remains in place under Coinbase deal

boss

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…

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

boss

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.…

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

boss

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…

Strategy stretch shares draw retail investors seeking Bitcoin yield

boss

Strategy’s “Stretch” preferred shares are drawing strong interest from retail investors as the company keeps using the product to fund Bitcoin purchases.  Summary Retail investors hold majority of Strategy Stretch shares seeking lower volatility Bitcoin exposure with steady yields Strategy raised over 1 billion dollars through Stretch shares to fund recent Bitcoin purchases Stretch shares offer 11.5 percent dividend while redirecting part of Bitcoin returns to investors New comments from Strategy executives show that individual investors now make up most of the holders of STRC, a dividend-paying security that the…

Crypto Czar No More, David Sacks Leaves Special Role – News Bytes Bitcoin News

boss

On March 26, 2026, David Sacks announced the conclusion of his 130-day term as the specialized crypto and artificial intelligence (AI) lead for President Donald Trump. Sacks now joins the President’s Council of Advisers on Science and Technology (PCAST), a federal committee of industry and academic experts providing policy recommendations to the White House. The transition follows Sacks’ recent divestment of over $200 million in digital asset-related holdings to comply with federal ethics standards. As a partner at Craft Ventures, he remains focused on advancing the administration’s new AI framework…