Live Feed

The recently established labor union at South Korean crypto exchange Bithumb has begun official activities, starting with a membership drive, The Fact reported. The union is protesting what it calls a deterioration of working conditions, citing a more than 50% reduction in employee welfare points and changes to the rules of employment that allow for pay cuts based on performance reviews. The union argued that under the law, such unfavorable changes require the consent of a majority of employees or their representative union, and stated it would organize to protect workers' rights. In response, Bithumb said that it respects its employees' rights and plans to act in accordance with relevant laws and procedures.

According to CoinNess market monitoring, BTC has fallen below $70,000. BTC is trading at $69,988.49 on the Binance USDT market.

Quantum computing (QC) is a long-term risk to Bitcoin but not an immediate threat, according to a recent report by Ark Invest on-chain analyst David Puell. He argued that even if a quantum system could impact Bitcoin's cryptography, the process would be lengthy and prohibitively expensive for an attacker. Puell noted that current quantum systems cannot neutralize BTC, and any technological advancements would likely affect general internet security before targeting Bitcoin specifically. This suggests a gradual technological evolution rather than a radical shock, a so-called "Q-day." Currently, the BTC exposed to quantum threats includes 1.7 million BTC in addresses presumed to be lost and 5.2 million BTC held in certain vulnerable addresses. However, the network is expected to have time to respond by adopting quantum-resistant cryptography. The key will be how the Bitcoin community implements these quantum-resistant cryptographic systems, he concluded.

Asset manager VanEck announced it will offer its cryptocurrency ETF products in U.S. 401(k) retirement plans through fintech firm Basic Capital. The move will allow U.S. retirement plan participants to gain indirect exposure to cryptocurrencies through ETFs. While specific products have not been disclosed, potential offerings could include VanEck's Bitcoin spot ETF (HODL) and its Ethereum spot ETF (ETHV).

An anonymous whale has withdrawn a cumulative 63,324 ETH, worth $131 million, from the crypto exchange Kraken over the past 24 hours, according to EmberCN. The withdrawals occurred in two transactions: one for 44,888 ETH yesterday and another for 18,436 ETH ($38.26 million) early today. The average price for the withdrawn ETH is $2,072. The whale is now holding the assets across four separate addresses. Withdrawals from exchanges are typically interpreted as an intention to hold.

CoinMarketCap's Altcoin Season Index has risen to 41, an increase of five points from yesterday. The index is calculated by comparing the price performance of the top 100 coins by market capitalization, excluding stablecoins and wrapped coins, against Bitcoin. An 'altcoin season' is declared when 75% of these top 100 coins have outperformed Bitcoin over the past 90 days; the opposite is considered a 'bitcoin season.' A reading closer to 100 indicates a stronger altcoin season.

Investing in cryptocurrencies newly listed last year on Upbit, Bithumb, and Binance has resulted in an average loss of around 70% to date, according to a recent report by global crypto research firm Four Pillars. The report found that losses were nearly identical across platforms, with Upbit at -69.5%, Bithumb at -69.1%, and Binance at -71.7%. On average, buying a newly listed cryptocurrency on its first day on any of these exchanges resulted in a 70% loss of the initial investment. Only two such assets on Upbit and eight on Bithumb recorded a profit. Four Pillars noted that the performance of new listings on South Korean exchanges was structurally no different from that on Binance, despite varying strategies and regulations. "Buying a newly listed cryptocurrency on its first day was a disadvantageous strategy on any exchange," the report stated, adding that this pattern is not because exchanges select poor-quality assets but is due to the concentrated demand created by the listing event itself.

South Korean financial authorities have begun urgently collecting feedback from the securities industry regarding the distribution and settlement of stablecoins, the Maeil Business Newspaper reported. The Korea Financial Investment Association (KOFIA) has emailed its major member companies, asking for suggestions on regulatory improvements for stablecoins. This move is seen as an effort to gauge the needs of the securities industry amid growing concerns from the virtual asset and investment sectors that the banking sector has had undue influence in the digital asset and security token (STO) markets.

Japanese listed company Metaplanet, which has been accumulating Bitcoin, announced the establishment of two new subsidiaries: Metaplanet Ventures and Metaplanet Asset Management. According to its official X account, Metaplanet Ventures plans to invest up to 4 billion yen ($25 million) over the next two to three years to support BTC-related infrastructure and open-source development. Meanwhile, Metaplanet Asset Management will focus on building a Bitcoin-centric asset management platform. The company was previously reported to have not purchased any additional BTC for approximately seven weeks as of last week.

The Crypto Fear & Greed Index is at 18, up three points from yesterday but still in the "Extreme Fear" category, according to data from Alternative. The index first entered the "Extreme Fear" stage on Jan. 30 and has remained there since. The metric measures market sentiment on a scale of 0 (extreme fear) to 100 (extreme greed). It is calculated based on volatility (25%), market volume (25%), social media mentions (15%), surveys (15%), Bitcoin dominance (10%), and Google search trends (10%).

U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins said on X that the era of jurisdictional disputes, duplicate registrations, and differing regulations between the agency and the Commodity Futures Trading Commission (CFTC) is over. He emphasized that he will work with CFTC Chairman Michael Selig to unify regulatory definitions, coordinate oversight systems, and enhance data sharing to secure regulatory clarity. The two agencies previously signed a memorandum of understanding (MOU) to strengthen cooperation and plan to establish a regulatory framework optimized for new technologies like cryptocurrency as part of a joint policy initiative.

Ethereum Layer 2 network Optimism (OP) is undergoing a large-scale restructuring that will affect more than 20% of its total workforce, BeInCrypto reported. The layoffs will impact teams involved in protocol development and ecosystem operations. The exact number of employees being let go has not yet been announced.

Wall Street hedge funds and other institutional investors are moving to offer clients services for the decentralized prediction market Kalshi, Bloomberg reported. Clear Street, a brokerage firm for hedge funds and professional traders, is scheduled to clear its first trade on Kalshi later this month and plans to expand its client service offerings by the end of the year. London-based brokerage firm Marex Group also plans to offer clients Kalshi-related services in the coming months.

The U.S. has released 172 million barrels from its Strategic Petroleum Reserve, Walter Bloomberg reported.

The U.S. Securities and Exchange Commission (SEC) has signed a Memorandum of Understanding (MOU) with the Commodity Futures Trading Commission (CFTC) to enhance cooperation, The Block reported. The two agencies plan to use the agreement to promote market innovation and establish a regulatory framework for cryptocurrencies and other new technologies.

A party-government consultation in South Korea to discuss a second-phase virtual asset bill, known as the Digital Asset Basic Act, has been indefinitely postponed due to escalating tensions in the Middle East, News1 reported. The meeting was initially scheduled for March 5 but was delayed as the conflict led to increased uncertainty in financial markets. While discussions were considered for this week, the worsening war situation prompted another delay. Despite the postponement, the ruling Democratic Party's Digital Asset Task Force stated that its goal to introduce the bill this month remains firm.

Cryptocurrency exchange Bullish became one of the top three centralized exchanges by spot trading volume in February, with its market share of 5.06% surpassing Coinbase's 4.59%. The exchange's spot volume for the month reached $76 billion, a 62.6% increase from the previous month and its highest level since October 2025. Meanwhile, Binance maintained its leading position with approximately 22% of the spot market, though this marked its lowest share since 2020 as trading volume became more distributed among competing platforms.

Whale Alert reported that 1,000 million USDT has been minted at the Tether Treasury.

The three major U.S. stock indices closed mixed today. - S&P 500: -0.08% - Nasdaq: +0.08% - Dow Jones: -0.61%

President Donald Trump said the market is holding up well and that oil prices will fall, Walter Bloomberg reported on March 11.

Ripple (XRP) has launched a share buyback program that values the company at approximately $50 billion, Bloomberg reported. The company plans to purchase up to $750 million in shares from investors and employees through April. This follows a $500 million investment round in November 2025, led by Fortress Investment Group and Citadel Securities, which valued Ripple at $40 billion.

The U.S. Securities and Exchange Commission's (SEC) recent $10 million settlement with Tron (TRX) founder Justin Sun contradicts the Trump administration's broader stance on cryptocurrency regulation, according to a report from Decrypt citing local legal experts. Decrypt noted that the SEC's move last week to fine a crypto company for violating U.S. securities laws was an unusual step in the Trump era. Since President Trump returned to office, regulators have closed nearly all crypto-related cases inherited from the previous administration, consistently maintaining that most cryptocurrencies are not subject to securities laws. However, the SEC has now settled a lawsuit with Sun, a controversial entrepreneur with alleged business ties to the Trump family. The issue, Decrypt highlights, is that the fine was based on the premise that the sales of TRX and BTT tokens constituted securities law violations. This rationale clashes with the current administration's position, creating an awkward situation for the regulatory agency and complicating its approach to digital assets, the report emphasized.

India's Central Bureau of Investigation (CBI) has arrested Ayush Varshney, co-founder and CTO of Darwin Labs, at Mumbai airport for his alleged involvement in the GainBitcoin pyramid scheme. According to The Block, Darwin Labs developed and deployed the technical infrastructure for GainBitcoin, one of India's largest crypto-related criminal enterprises. The total damages from the case are estimated to be around 80,000 BTC.

Mati Greenspan, founder and CEO of Quantum Economics, has pushed back against predictions that Bitcoin could crash to $10,000, a possibility recently raised again by Bloomberg Intelligence senior macro strategist Mike McGlone. Greenspan argued that for Bitcoin's price to fall that low, an event on the scale of a nuclear war would be necessary. According to CoinDesk, Greenspan stated that analysts often get swayed by short-term macroeconomic shifts and extrapolate them into absurd conclusions. He emphasized that Bitcoin, with its daily trading volume in the tens to hundreds of billions of dollars, would only plummet to $10,000 under extreme circumstances such as a global liquidity crisis, nuclear war, or a shutdown of the internet. McGlone has previously forecasted a drop to $10,000 before later revising his downside target to $28,000.

According to CoinNess market monitoring, BTC has risen above $71,000. BTC is trading at $71,003.89 on the Binance USDT market.