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Major exchanges have seen $363 million worth of futures liquidated in the past hour. In the past 24 hours, $774 million worth of futures have been liquidated.

According to CoinNess market monitoring, BTC has risen above $71,000. BTC is trading at $71,007.01 on the Binance USDT market.

BTC has risen by 3.57% in the past five minutes on the Binance USDT market. Currently, BTC is trading at $71,007.01.

Major exchanges have seen $206 million worth of futures liquidated in the past hour. In the past 24 hours, $617 million worth of futures have been liquidated.

According to CoinNess market monitoring, BTC has risen above $70,000. BTC is trading at $70,317.04 on the Binance USDT market.

BTC has risen by 1.97% in the past five minutes on the Binance USDT market. Currently, BTC is trading at $69,978.96.

According to CoinNess market monitoring, BTC has risen above $69,000. BTC is trading at $69,292.87 on the Binance USDT market.

Cointelegraph has outlined five key factors to watch regarding Bitcoin's market performance this week. - The emergence of scenarios for a BTC retest of $65,000 and a potential drop into the $50,000 range. - The possibility of a recurring bear flag pattern similar to that seen in January. - Growing macroeconomic uncertainty from Middle East tensions, with gold entering a bearish phase and oil prices re-crossing the $100 mark. - Continued pressure on risk assets as the market prices in the possibility of a Federal Reserve interest rate hike. - Signs of capitulation from long-term holders, with the Spent Output Profit Ratio (SOPR) at 0.64.

BlackRock has deposited 839 BTC ($57.4 million) and 14,802 ETH ($30.3 million) to Coinbase Prime, Onchain Lens reported. Coinbase Prime is a prime brokerage platform that facilitates large-scale trading and custody for institutional investors.

A whale address on the decentralized perpetuals exchange Hyperliquid with an 83% win rate has added to its Ethereum (ETH) short position while reducing its Bitcoin (BTC) short, Onchain Lens reported. The address, pension-usdt.eth, currently holds a $61.4 million 3x short position in ETH and a $34.27 million 3x short in BTC. The average entry prices for these positions are $2,034.47 and $68,884, respectively. The trader has realized over $27 million in profit from approximately 70 trades.

The launch of the Gaia AI Phone has been effectively canceled following a shipping delay controversy, with buyers slated to receive compensation, Digital Asset reported exclusively. FactBlock, the organizer of Korea Blockchain Week (KBW) where the phone was sold, said it contacted Gaia after confirming the shipping delay and learned that the launch had been effectively canceled. According to FactBlock, Gaia has decided to issue refunds to all buyers and will additionally provide them with a Samsung Electronics Galaxy S25 Edge device. The company unveiled the smartphone last July as a KBW Edition, with some units sold bundled with tickets for KBW 2025. The total production volume was 7,000 units.

EdgeX, a decentralized perpetual futures exchange (Perp DEX), announced via its official X account that it will hold a token generation event (TGE) for its native token, EDGE, on March 31.

Jack Yi, founder of LD Capital, announced on X that he has sold his crypto holdings at a loss and is now monitoring the situation in the Middle East. This move comes after he stated on March 17 that he had invested all of his personal assets into cryptocurrency. Yi explained that the conflict in the Middle East is lasting longer than anticipated, and the responses from Russia and other global powers have been unexpected. These factors are contributing to rising oil prices and a broader risk-off sentiment across asset markets, he said. Yi also noted that liquidity in the crypto market has been declining since the record-breaking liquidations on Oct. 11 of last year. He added that the departure of retail investors and stricter regulations on major platforms have weakened market sentiment, preventing the typical rebound that usually follows a sharp decline. However, Yi suggested that this extreme downturn could present the best opportunity of the year to buy the dip. He compared the current situation to when Bitcoin fell to $16,000, noting that in retrospect, there was little difference between buying at that price versus $20,000.

Cryptocurrency exchange Backpack announced on its official X account that trading for its native token, BP, will begin at 12:00 p.m. UTC today. Withdrawals will also be available immediately. Backpack previously stated that 25% of the total BP supply will be unlocked at the token generation event (TGE), with 24% allocated to points holders and 1% to NFT holders.

South Korea's People Power Party, which is pushing to abolish the virtual asset tax scheduled for implementation next January, will hold a meeting with the heads of the country's major cryptocurrency exchanges on March 25, News1 reported. The event will take place at the headquarters of South Korean exchange Coinone in Seoul. Attendees from the party will include Floor Leader Song Eon-seok, Policy Committee Chairman Jeong Jeom-sik, Senior Deputy Floor Leader for Operations Yoo Sang-beom, and Senior Deputy Floor Leader for Policy Kim Eun-hye. The CEOs of the five major won-denominated exchanges—Upbit, Bithumb, Coinone, Korbit, and Gopax—are expected to attend.

A bipartisan bill has been introduced in the U.S. Congress to prohibit betting on sports and casino-style games on prediction market platforms like Kalshi and Polymarket, The Wall Street Journal exclusively reported. The legislation, led by Rep. Adam Schiff (D-CA) and Rep. John Curtis (R-UT), would explicitly bar companies regulated by the Commodity Futures Trading Commission (CFTC) from listing contracts on professional and college sports, as well as 'casino-style' games such as slot machines, video poker, and blackjack. The Journal noted that while platforms like Polymarket and Kalshi currently compete with traditional sports betting firms such as FanDuel by offering yes-or-no wagers on topics ranging from politics to sports, the bill is seen as an effort to place such activities under state government control.

South Korean crypto exchange Coinone announced that it has placed Portal To Bitcoin (PTB) on its delisting watchlist. The exchange explained that the designation was made after confirming that the project's issuer or operator either failed to disclose critical information that could significantly impact the asset's value, such as its token distribution plan, in a timely and appropriate manner, or arbitrarily changed it without valid reason.

Japanese financial investment firm Digital Securities has signed a memorandum of understanding (MOU) with Japanese financial conglomerate SBI Holdings to sell tokenized securities, Digital Asset reported. The MOU covers two main areas: cooperation on the sale of tokenized securities and their joint development. As part of the agreement, SBI Holdings will acquire a stake of over 20% in Digital Securities from existing shareholders through its subsidiary, SBI Securities.

Jeffrey Huang, a prominent BAYC-affiliated NFT whale and Taiwanese singer, has been liquidated again, bringing his cumulative losses to $33.35 million, according to Lookonchain. The associated address has been liquidated a total of 335 times on Hyperliquid (HYPE). While once boasting a cumulative profit of $44.84 million, the account is now in the red. Currently, the address holds a $900,000, 25x long position on Ethereum (ETH) with an average entry price of $2,047.62 and a liquidation price of $2,016.35. The wallet's current balance is $30,279.

U.S. federal prosecutors have raised doubts about the authenticity of a letter submitted by FTX founder Sam Bankman-Fried (SBF) from prison, suggesting it may have been sent from an external location via FedEx. According to CoinDesk, prosecutors informed a judge that the letter, filed on March 16, was sent from Palo Alto or Menlo Park, California, incorrectly identified the prison as a state facility, and contained a typed "/s/" instead of a signature. They argued that these discrepancies provide grounds to doubt the letter's origin, as federal inmates are prohibited from using private delivery services like FedEx. The outlet noted, however, that prosecutors have not directly accused SBF or his associates of forging the document. The challenge is seen as an effort to verify the credibility of materials submitted in the process of requesting a new trial.

A vulnerability in the BCE/USDT pool on PancakeSwap (CAKE), a decentralized exchange (DEX) based on the BNB Chain, has been exploited, resulting in a loss of $679,000, according to blockchain security firm Blocksec. The investigation found that the hacker deployed two malicious contracts to bypass buy and sell limits. These contracts triggered a token burn mechanism within the pool, distorting its holdings and allowing the attacker to drain the assets.

Bitcoin is trading near $68,000, a key level that will determine its future direction, according to on-chain analyst Axel Adler Jr. In a blog post, he explained that this price point represents the average cost basis for whales holding between 100 and 1,000 BTC, serving as a psychological support line. Adler identified resistance at $80,000, the average cost basis for U.S. spot Bitcoin ETF investors, with a lower support level at $47,000, the realized price for addresses holding 10 to 100 BTC. He noted that the market has been range-bound over the past month, and the realized price for major buyers has slightly decreased, suggesting they have been averaging down rather than being driven by strong new demand. If Bitcoin maintains its current price range, it could test resistance at $75,000 and $80,000, buoyed by psychological relief among large holders. However, a break below this level would worsen the market structure and increase the risk of a further decline, he added.

A preliminary draft of South Korea's second-phase digital asset legislation, advanced by the government and the ruling party, includes plans to elevate crypto disclosures to the standard of the country's existing electronic disclosure system (DART), Maeil Business Newspaper reported exclusively. The proposal is part of a research report commissioned by South Korea's Financial Services Commission from Seoul National University's Center for Financial Law. The report suggests creating new licensed business categories for virtual asset evaluation, advisory, and disclosure services, and introducing regulations comparable to the Financial Consumer Protection Act. The study also noted that the current self-regulatory body, the Digital Asset eXchange Alliance (DAXA), has structural difficulties in resolving conflicts of interest. As previously reported, the report does not include provisions to limit the shareholdings of major exchange owners.

A controversial proposal to limit the stakes of major shareholders in cryptocurrency exchanges was not part of the initial legislative design for the second phase of South Korea's Digital Asset Basic Act, the Maeil Business Newspaper reported exclusively. The revelation has sparked suspicion in political circles that the regulation was abruptly inserted into the bill, deviating from early discussions. According to the report, South Korea’s Financial Services Commission (FSC) had commissioned a study from Seoul National University's Center for Financial Law during the initial planning stages, and the resulting paper did not include any provisions for shareholder limits. The outlet added that there is widespread speculation about ongoing disagreements within the presidential office regarding the direction of the legislation.

The nomination of Shin Hyun-song, head of the Monetary and Economic Department at the Bank for International Settlements (BIS), as the new governor of the Bank of Korea has the local virtual asset industry expressing both hope and concern over future stablecoin and central bank digital currency (CBDC) policies, Etoday reported. At the World Congress of Economists (ESWC 2025) last August, Shin voiced concerns that won-based stablecoins could weaken foreign exchange regulations. Conversely, given that he led related research during his tenure at the BIS, the Bank of Korea's ongoing deposit token pilot, 'Project Han River,' is expected to maintain its momentum.