Bitcoin, Coinbase, Strategy, Gemini, Galaxy swept up in market rout

Crypto stocks are getting hit hard Friday as weakness in U.S. equities rippled through high-risk assets, driving bitcoin BTC$66,110.85 below $66,000. Crypto exchange Coinbase (COIN) and digital asset conglomerate Galaxy (GLXY) dropped nearly 7%, while exchange Gemini (GEMI) slid almost 9%, marking one of the steepest losses in the group. Crypto-friendly broker Robinhood (HOOD) also…

Australia Court Fines Binance $6.9 Million over Client Onboarding Failures

Update March 27, 11:53 am UTC: This article has been updated to include a comment from a Binance spokesperson. 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…

XRP Risks 50% Crash as Goldman Sachs ETF Exposure Fails to Lift Price

XRP (XRP) traded at $1.37 after a 3.5% decline in the last 24 hours, shrugging off Goldman Sachs’ disclosure of exposure to spot XRP exchange-traded funds (ETFs). While this highlights long-term institutional confidence, it comes amid fragile risk sentiment and a typical breakdown from a bearish setup. Key takeaways: Goldman Sachs disclosed $152.17 million in…

Real-World Perps Thrive, While Altcoins Languish

Onchain perpetual futures linked to real-world commodities like precious metals and oil have surged in trading volume, signaling an investor rotation from altcoins to commodity-linked digital assets, according to a report published Thursday by digital asset bank Sygnum. Trading volume for oil and precious metals perpetual futures markets on the Hyperliquid decentralized exchange (DEX) accounts…

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

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…

Judge Blocks Pentagon’s Anthropic Supply Chain Designation

A US federal judge in San Francisco has granted Anthropic’s request for temporary reprieve after the Pentagon’s designation of the company as a supply chain risk. In an order on Thursday, Judge Rita Lin of the District Court for the Northern District of California ordered a preliminary injunction against the Pentagon over the label. It…

Macro risks mount as Ukraine adds to oil market uncertainty

Ukraine has complicated President Donald Trump’s efforts to stabilize oil markets amid the Iran war, amplifying risks for financial markets, including cryptocurrencies. For nearly a month, markets have been gripped by a single concern: the Iran war. Disruptions in the Strait of Hormuz – a critical oil chokepoint – have driven prices sharply higher, stoking…

Ether Rallies Fail To Break The $2.4K Level: Here’s Why

Key takeaways: Ether struggles to hold $2,400 due to low DEX volumes and declining demand for decentralized applications. Institutional investor-led outflows and weak futures premiums suggest that ETH lacks the bullish demand for a sustainable rally. Ether (ETH) experienced a 6% correction between Wednesday and Thursday, retesting the $2,050 level, and reflecting a risk-off environment…

Ether Rallies Fail To Break The $2.4K Level: Here’s Why

Key takeaways: Ether struggles to hold $2,400 due to low DEX volumes and declining demand for decentralized applications. Institutional investor-led outflows and weak futures premiums suggest that ETH lacks the bullish demand for a sustainable rally. Ether (ETH) experienced a 6% correction between Wednesday and Thursday, retesting the $2,050 level, and reflecting a risk-off environment…

Twenty One Capital Unseats MARA in Bitcoin Treasury Race

Jack Mallers’ Twenty One Capital is now the second-largest publicly traded Bitcoin treasury by BTC holdings, after miner MARA sold off a portion of its holdings and fell to the number three spot. The newly formed Bitcoin (BTC) treasury company holds 43,514 BTC in its corporate treasury, valued at over $2.9 billion using the market…