Iran Crypto Outflows Rose 700% After US-Israel Attack

Iran’s top crypto exchange saw a significant spike in crypto withdrawals within minutes of the US and Israel launching strikes in Tehran on Saturday. However, a widespread internet outage curbed additional outflows. In a post on Monday, Elliptic said crypto outflows from the Nobitex exchange surged by more than 700% to over $500,000 within minutes…

U.S. Senate housing bill includes CBDC ban

The Senate Committee on Banking, Housing and Urban Development included a provision temporarily barring the Federal Reserve from issuing a central bank digital currency in its bipartisan bill to boost housing in the U.S. The “21st Century ROAD to Housing Act,” introduced Monday by Committee Chairman Tim Scott and Ranking Member Elizabeth Warren, respectively the…

US Authorities Seek to Recover $327K USDt from Romance Fraud Scheme

A February report claimed that Tether had frozen about $4.2 billion worth of its USDt stablecoin allegedly connected to illicit activities since 2023. The US Justice Department is seeking to recover about $327,829 worth of stablecoins allegedly connected to a money laundering scheme part of an online romance scam. In a Monday notice, the US…

Are Investors Giving Up on BTC?

Key takeaways: Bitcoin futures demand has hit its lowest level since 2024, signaling that many institutional traders are staying cautious. Despite lower confidence from bulls, high CME open interest suggests that major institutions have not left the market. Bitcoin (BTC) price has gained 10% since retesting $63,000 on Saturday, providing a glimpse of hope for…

Are Investors Giving Up on BTC?

Key takeaways: Bitcoin futures demand has hit its lowest level since 2024, signaling that many institutional traders are staying cautious. Despite lower confidence from bulls, high CME open interest suggests that major institutions have not left the market. Bitcoin (BTC) price has gained 10% since retesting $63,000 on Saturday, providing a glimpse of hope for…

Hong Kong, Shanghai Sign MOU for Blockchain-Based Cargo, Finance Data

Hong Kong and Shanghai authorities have agreed to deepen cooperation on using blockchain technology to streamline trade finance and cargo documentation, under a new partnership announced Monday. The Hong Kong Monetary Authority (HKMA), the Shanghai Data Bureau (SDB) and the National Technology Innovation Center for Blockchain (NTICBC) have signed a memorandum of understanding (MoU) to…

Turkey’s Ruling Party Proposes 10% Crypto Income Tax

Under the proposed law, Turkey’s president would be allowed to change the income tax rate on digital assets from zero to up to 20%. Turkey’s Justice and Development Party proposed a 10% tax on cryptocurrency income and gains as part of a draft bill amending the country’s tax laws. According to a Monday report from…

Bitcoin Re-tests $70K as Loss Flows Drop to 2-Week Low

Bitcoin (BTC) rallied to $70,000 on Monday as the shadow of war looms over the entire Middle East. Data from CryptoQuant shows short-term holder loss transfers to exchanges falling to a two-week low over the past 24 hours, and the slowing exchange flows stand in contrast to the rate of selling seen in early February….

XRP Price May Drop Another 30% Amid Increased Exchange Inflows

XRP (XRP) risked a further drop below $1 as its bearish technical setup converged with increased inflows to exchanges. Key takeaways: XRP faces overhead resistance at $1.42 XRP’s 13% rally to $1.43 between Saturday and Sunday ran into a resistance wall at $1.39-$1.43, causing it to retrace to the current price of $1.34. The cost-basis…

Vitalik Buterin unveils plan to curb block builder centralization

Vitalik Buterin is turning his attention to a part of Ethereum most users never think about but that has quietly become one of its biggest pressure points: who gets to decide what transactions goes into a block. In a new blog post on Monday, the Ethereum co-founder lays out a series of ideas aimed at…