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A U.S. court has issued a temporary order to freeze 70 BTC in connection with a lawsuit against digital asset management firm BlockFills, Cointelegraph reported. The order follows a lawsuit filed by Dominion Capital on Feb. 27, which accuses BlockFills of embezzling client assets. Dominion Capital alleges that BlockFills used millions of dollars in client funds to cover its own losses.

The Central Bank of Kazakhstan plans to invest up to $350 million in cryptocurrency, Unfolded reported.

Bithumb announced it will temporarily suspend deposits and withdrawals for Injective (INJ) at 9:00 a.m. UTC on March 9 to support the network's mainnet upgrade.

Lookonchain reported that an address belonging to crypto market maker Cumberland withdrew an additional 14,800 ETH, worth $30.8 million, from Coinbase approximately 30 minutes ago. Withdrawals from exchanges are typically interpreted as a sign of intent to hold.

An address suspected of belonging to market maker Jane Street has deposited 270 BTC, worth $19 million, to crypto exchanges Bullish and LMAX Digital over the past two hours, Lookonchain reported. Jane Street was previously sued by Terraform Labs over allegations of insider trading related to the collapse of TerraUSD (UST) and Luna (LUNA). More recently, the firm has faced controversy over claims that it drove down the price of BTC through algorithmic selling at 10 a.m. U.S. time each day.

Decentralized finance (DeFi) analytics firm Sentora (formerly IntoTheBlock) announced via its official X account the launch of a lending vault based on Ripple's stablecoin, RLUSD, on the DeFi lending protocol Morpho. Sentora will act as the curator for the RLUSD vault, setting and managing risk parameters such as collateral assets and loan conditions. This will allow users to deposit RLUSD into the vault to provide liquidity or borrow RLUSD by posting collateral.

South Korean crypto exchange Bithumb has announced that it will temporarily suspend withdrawals for Luna2 (LUNA2) starting at 9:00 a.m. UTC on March 12 to support a network upgrade.

A recent wave of large Bitcoin withdrawals from exchanges indicates that selling pressure may be weakening, according to cryptocurrency analyst Axel Adler Jr. In a blog post, he noted that on-chain data between Feb. 27 and March 5 showed a clear pattern of stablecoin inflows, followed by BTC purchases and subsequent withdrawals from exchanges. During this period, 47,700 BTC was moved off exchanges, with a net outflow of 31,900 BTC on March 4 alone, Adler explained. He suggested this indicates that stablecoin liquidity entered exchanges, was converted into Bitcoin, and then moved to cold wallets. However, Adler added a caveat, stating that the signal could be invalid if the transfers were for internal custody purposes. He emphasized the need to monitor whether the net outflow of Bitcoin continues over the next five days.

Global cryptocurrency exchange LBank Labs has joined the top four exchanges in 24-hour crypto futures open interest (OI), reaching approximately $8 billion, according to CoinGecko. The current OI rankings for major exchanges are led by Binance (approx. $20.7 billion), Bybit (approx. $10.3 billion), and Gate.io (approx. $9.84 billion), with OKX at approximately $6.59 billion. In a statement, LBank Labs noted that the increase in OI was particularly noticeable for major assets such as BTC, ETH, and SOL. The platform currently has approximately $367 million in open interest for BTC futures, with SOL and ETH at $228 million and $130 million, respectively. The exchange also observed a trend of crypto platforms supporting derivatives for traditional financial assets like precious metals and stocks, which it believes is supplying new liquidity to the futures market.

Binance announced today that it has added a Monitoring Tag to nine cryptocurrencies: COS, DEGO, FORTH, FUN, HOOK, LRC, MBOX, OXT, and WIF. The exchange also announced the removal of the Monitoring Tag for FLOW and the Seed Tag for ONDO and VIRTUAL.

Dubai's Virtual Assets Regulatory Authority (VARA) has ordered the operator of KuCoin to stop providing unlicensed cryptocurrency services. According to Cointelegraph, VARA warned that KuCoin is not authorized to offer crypto services locally and that all related promotions and advertisements are unapproved. The regulator also noted that entities advertised under the KuCoin name, including MEK Global, PhoenixFin, and Peken Global, appear to be offering crypto-related services in the region by misrepresenting their licensing status.

Korea Investment & Securities (KIS) has assigned a 'Neutral' investment rating to Kbank, which recently listed on the KOSPI after its third attempt, Bridge Economy reported on March 6. In its report, KIS noted that Kbank's short-term growth momentum could be limited by the regulatory environment and intensifying competition in the lending market. However, the firm suggested that the bank's corporate value could be reassessed depending on its expansion into the virtual asset sector and the establishment of related regulations. Baek Doo-san, a researcher at KIS, explained that if a basic act on digital assets and policies promoting the stablecoin industry are implemented swiftly, a multiple re-rating for Kbank would be possible despite its overhang risk. In such a scenario, he added, a re-evaluation could be based on the price-to-book ratios (PBR) of its competitors.

The anticipated altcoin rally has failed to materialize over the past year, according to a report from crypto financial services firm Matrixport. The report noted that while previous cycles saw capital rotate from Bitcoin into altcoins, this mechanism has been significantly weaker this time around. The primary reason cited is a decline in participation from retail investors, who have historically been a key driver of altcoin demand. Matrixport also pointed to sell pressure from major projects as another key factor. Selling by early investors and ongoing token unlocks are adding further pressure to the market, structurally limiting any attempts at a rebound, the firm explained.

Amid a trend of major crypto exchanges launching perpetual futures for U.S. stocks, tech growth stocks such as Marvell Technology (MRVL) are showing strong performance in the futures market today. On LBank, MRVL is trading around $87.2, up approximately 9.1%, followed by JD and CRWD with gains of 7.96% and 5.14%, respectively. According to an analysis by LBank Labs, MRVL's surge is attributed to a surprise earnings announcement, while JD and CRWD are also rallying as tech growth stocks. LBank Labs noted that although the three stocks are difficult to group under a single theme, they all seem to be benefiting from the growth of artificial intelligence (AI). The analysis added that despite geopolitical uncertainty, investor sentiment in tech stocks, driven by the AI boom, is also gaining traction in the cryptocurrency market.

South Korean crypto exchange Bithumb has announced it will temporarily suspend deposits and withdrawals for BOB starting at 8:00 a.m. UTC on March 12 to support a network upgrade.

Bitcoin's price momentum is emerging from its most negative phase, according to crypto data analytics firm Swissblock. The firm explained that the key will be whether the indicator can settle in the +0.50 range, as a break and hold above this level would signal a transition into a full-fledged bull market. Swissblock noted that past cycles suggest such phases, once established, can last for several months. If this level is maintained, it could signify more than just a relief rally, the firm added.

The total market capitalization of stablecoins has reached an all-time high of $312 billion, DeFi analyst Patrick Scott reported, citing data from DeFiLlama. He explained that this suggests an increase in capital flowing into DeFi, along with a rise in liquidity and on-chain assets.

The start of construction on quantum computing startup PsiQuantum's new facility, the first practical-scale quantum computer in the U.S., has reignited the debate over the potential threat to Bitcoin (BTC), BeInCrypto reported. The facility is scheduled for completion in 2028. Industry figures are divided on the issue. Michael Saylor, founder of MicroStrategy, Charles Hoskinson, founder of Cardano, and Cory Klippsten, CEO of Swan Bitcoin, believe the threat is overstated. In contrast, David Carvalho, CEO of Naoris Protocol, has predicted that blockchain encryption algorithms could be broken within two to three years. PsiQuantum co-founder Terry Rudolph stated in July of last year that the company's quantum computer would not be used to extract private keys.

An 'altseason' where all cryptocurrencies rally in unison is unlikely to happen again, according to Matt Hougan, Chief Investment Officer (CIO) at Bitwise. Speaking on the Paul Barron Network YouTube channel, Hougan stated that the future market will likely be driven by projects with genuine use cases and solid business fundamentals, Cointelegraph reported. He explained that the previous cycle, where capital rotated from Bitcoin to Ethereum and then to DeFi and NFTs, lifting most assets together, is unlikely to be repeated.

ADA is now accepted as a payment method at 137 stores of the Swiss supermarket chain SPAR. The Cardano Foundation announced its support for Cardano (ADA) on DFX, a Swiss non-custodial crypto on- and off-ramp platform. Payments will be processed using "Open Crypto Pay," a cryptocurrency payment standard developed by DFX.swiss. Users can pay directly from their native ADA wallets in-store, with transactions settled in real-time without passing through a centralized exchange.

Whale Alert reported that 224,590,201 USDC has been transferred from Binance to Ceffu. The transaction is valued at about $225 million.

Launchpad and DeFi platform Buidlpad announced today the launch of 'mHYPER,' an institutional-grade on-chain yield vault, on its platform in collaboration with Midas and Hyperithm. mHYPER is a stablecoin deposit vault based on a delta-neutral strategy, which hedges against price direction risk to generate returns from other market factors. The vault has recorded an annualized yield of 5% to 13% over the past three months. Users can deposit Ethereum-based USDC or Plasma (XPL)-based USDT0 on Buidlpad to receive mHYPER tokens and earn a share of the vault's operating profits. The vault has a hard cap of $20 million and does not impose a minimum deposit amount or lock-up period.

The following are the 24-hour long/short ratios for BTC perpetual futures on the world’s three largest crypto futures exchanges by open interest: Overall: 49.44% long, 50.56% short - Binance: 49.18% long, 50.82% short - OKX: 48.77% long, 51.23% short - Bybit: 50.17% long, 49.83% short

The number of wallets holding Bitcoin has reached an all-time high of 58.45 million, according to crypto on-chain analytics firm Santiment. Meanwhile, the amount of Bitcoin held in the wallets of major exchanges has fallen to its lowest level since December 2017. Santiment noted this reflects a growing trend of users moving funds to personal cold storage, driven by increased adoption through buying and holding.

Solana-based decentralized exchange (DEX) Jupiter (JUP) announced the launch of the Jupiter Card, an on-chain payment card built into its mobile app. The card supports USDC payments and can be used at Visa merchants worldwide.