Category: Other Crypto News

Kalshi, Polymarket Eye $20B Valuations in Potential Fundraising: WSJ

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Prediction market platforms Kalshi and Polymarket are reportedly exploring new fundraising rounds that could value the companies at around $20 billion each, roughly double their most recent valuations. Both platforms have held preliminary discussions with potential investors about raising fresh capital at the elevated valuation, the Wall Street Journal reported on Friday, citing people familiar with the matter. The report noted that the negotiations remain at an early stage and may not result in deals or secure the targeted valuation. Kalshi currently operates in the United States and offers markets…

Stablecoin Market Breaks Records — USDC Controls 70% Of $1.8 Trillion Volume

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Billions of dollars in fresh USDC were printed in just the first week of March — a minting pace that, if sustained, could push Circle’s total for the month past $12 billion. Related Reading That surge is one sign of the momentum behind a broader milestone: total stablecoin transfer volume hit $1.8 trillion in February, the highest monthly figure on record. USDC Pulls Far Ahead Of Tether USDC, issued by Circle Internet Group, accounted for roughly 70% of all stablecoin transfers last month — about $1.26 trillion. Tether’s USDT logged…

Stablecoin Transaction Volume Hits a New Record High as USDC Surpasses USDT

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Stablecoins have hit an all-time high in monthly transaction volume, as Circle’s USDC (USDC) flipped Tether’s USDt (USDT), new data shows. Key takeaways: Stablecoin monthly transaction volume reached a record $1.8 trillion in February. USDC comprised 70% of all stablecoin volume. Rising stablecoin supply on exchanges puts crypto markets in a good position to recover. USDC “consistently” flips USDt transfer volume The stablecoin transfer volume reached $1.8 trillion in February, setting a monthly record, according to data from Allium. Stablecoins are cryptocurrencies designed to maintain a stable value, typically pegged…

Bitcoin Sees Historic Death Cross On 3-Day Chart — What Does This Mean?

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Market analyst Ali Martinez highlights a recent development on the Bitcoin 3-day chart with significant bearish implications. The leading cryptocurrency still trades just below the $70,000 mark following the temporary breakout earlier this week. Bitcoin has now spent an overwhelming majority of the last month within the $60,000 – $70,000 price range, after prices crashed to a new market low in late January/early February amid the extended bearish season. Bitcoin Set For Another Leg Down? In an X post on March 6, Martinez shares a key macro insight on the…

Grok’s Vulgar Roasts of Musk, Netanyahu and Starmer Go Viral on X

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xAI’s chatbot Grok has sparked widespread buzz on X after delivering a series of explicit roasts targeting high-profile figures like Elon Musk, Israeli Prime Minister Benjamin Netanyahu and UK Prime Minister Keir Starmer. The exchanges began after users prompted Grok to produce “extremely vulgar” roasts of political leaders and public figures. The chatbot responded with profanity-filled insults directed at several well-known individuals. “Elon Musk, you pretentious bald fuck with a micro-penis and god complex—you blew $44B on X to stroke your fragile ego after endless ratioings,” the AI chatbot said…

Analyst Says Bitcoin $200,000 Target Remains Open, But There’s A More Realistic Target

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Bitcoin’s initial break above the 6-figure price point back in 2024, and then the eventual move to an all-time high of $126,000, has fueled the expectations of higher price points. Even now, as the price continues to trend below $100,000, it has done little to erase the bullish momentum surrounding the cryptocurrency, especially in the long term. As a result, predictions continue to come out that the Bitcoin price will eventually trade at 6-figures again, and eventually, new all-time highs. Mapping The Bitcoin Price Recovery In a post on the…

Florida Senate Approves First Stablecoin Bill, Awaits DeSantis’ Signature

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Florida lawmakers have approved a state-level framework regulating payment stablecoins, moving the legislation to Governor Ron DeSantis’ desk for final approval. In a Friday post on X, Samuel Armes, founder of the Florida Blockchain Business Association, revealed that Senate Bill 314 has cleared the Florida Senate unanimously. The measure is set to become law once signed by DeSantis, which Armes expects within the next month. “It has now passed the Senate and the House, and will be signed by DeSantis within the next 30 days!” he wrote on X. Florida…

Bitcoin May Hit $180,000 This Year, But Only If This Scenario Plays Out: Amber Data

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Bitcoin (BTC) began the week with a sharp rebound that briefly lifted the world’s largest cryptocurrency back toward the $74,000 mark on Wednesday for the first time in more than a month. However, as the week comes to a close, that momentum has faded, with BTC sliding back to roughly $68,260. Even with the choppy price action, on-chain analytics firm Amber Data argues that the broader outlook for Bitcoin remains constructive. In its latest market report, the firm suggests that new all-time highs are still possible this year.  Post-Liquidation Reset…

Bitcoin Dip May Not Be Over As Retail Ramps Up Buying: Santiment

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Retail investors have been scooping up Bitcoin after it slipped below $70,000, but whale activity suggests the price could still head lower if past patterns repeat, according to crypto sentiment platform Santiment. “The moment Bitcoin hit $74k, these key stakeholders began taking profit,” Santiment said in a report on Friday. Santiment explained that whales — those holding between 10 and 10,000 Bitcoin (BTC) — “accumulated heavily” between Feb. 23 and Mar. 3, when Bitcoin was trading between $62,900 and $69,600. Whales (green line) have been selling, while retail investors (red…

Bitcoin Big-Money On The Move: Exchange Whale Ratio Spikes To 0.6

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On-chain data shows the Bitcoin Exchange Whale Ratio has witnessed a sharp increase recently, indicating that large deposit transactions have gained dominance. Bitcoin Exchange Whale Ratio Has Seen Its 30-Day SMA Value Hit 0.6 In a new post on X, CryptoQuant community analyst Maartunn has talked about the latest trend in the Bitcoin Exchange Whale Ratio. This on-chain indicator measures the ratio between the sum of the top 10 exchange inflows and the total exchange inflow. The ten largest transactions going toward exchanges are generally representative of deposit activity from…