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An increasing number of traders in the Bitcoin options market are betting on a recovery to $80,000, The Block reported. The outlet noted that on March 11, Bitcoin stabilized around $70,000, moving past volatility caused by war. Additionally, the U.S. February Consumer Price Index (CPI) came in line with forecasts, contributing to the trend. "Based purely on the size of positions built in the options market, the probability of Bitcoin recovering to $80,000 by the end of June is about 35%," The Block stated. "It seems options traders are now anticipating that months of heavy selling have passed and the worst is over."

Matthew Sigel, head of crypto research at VanEck, predicted in an interview with CNBC that the stocks of Bitcoin mining companies are poised for further gains as they pivot to supplying power and computing capacity for artificial intelligence (AI) infrastructure. According to The Block, he said that amid surging power demand, Bitcoin miners are effectively sitting on a gold mine. Sigel explained that these companies' stocks are still trading at low prices compared to other data center firms when considering their market capitalization and megawatt capacity.

On-chain analytics firm Glassnode has projected that while Bitcoin remains exposed to downward pressure, several signals indicate the market may be entering a more stable phase. In its weekly report, Glassnode noted that the price of BTC has been trading within a range of $62,800 to $72,600 for over a month. Attempts to reclaim the $70,000 level have repeatedly failed, and geopolitical uncertainty is heightening medium-term downside risks. However, the firm observed signs of stabilization as ETF inflows have resumed and spot demand shows signs of recovery. A negative funding rate in the futures market suggests a bias toward short positions, increasing the likelihood of a squeeze if spot demand rises. Additionally, easing implied volatility in the options market signifies a reduction in short-term risk, Glassnode explained.

Whale Alert reported that 250 million USDC has been minted at the USDC Treasury.

A new, anonymous Ethereum (ETH) wallet withdrew 8,209 ETH, worth approximately $16.85 million, from Coinbase about 26 minutes ago, according to Lookonchain. Withdrawals from exchanges are generally interpreted as a sign of intent to hold.

The European Central Bank (ECB) has announced a plan for tokenized finance aimed at strengthening the financial autonomy of the European Union (EU), CoinDesk reported. The plan includes Pontes, a trading platform based on distributed ledger technology (DLT) set to launch in the third quarter, and Appia, a long-term project to design the architecture, governance, and standards for a tokenized financial system. Appia, the core of the strategy, is planned to operate until 2028. According to the report, the initiative aims to create a more integrated, competitive, and innovative payments and securities environment in Europe, which will enhance the region's strategic autonomy and resilience and ensure the euro maintains its importance as an international currency.

Samson Mow, CEO of Bitcoin technology company Jan3, predicted on X that Bitcoin is very likely to be near $100,000 in four weeks, while it is very unlikely to be below $80,000. He said last December that he planned to liquidate all his holdings, including Ethereum (ETH) and Bitmine stock, to invest exclusively in BTC.

Binance.US, the U.S. arm of Binance, has appointed compliance expert Stephen Gregory as its new CEO, CoinDesk reported. Gregory previously served as the U.S. CEO of Currency.com and has held key compliance roles at platforms including Gemini and CEX.io.

The U.S. military has admitted in a preliminary investigation that it mistakenly bombed an elementary school in Iran, Walter Bloomberg reported. According to the investigation, the strike on Feb. 28 was the result of a "targeting error." U.S. Central Command (CENTCOM) reportedly carried out the Tomahawk missile attack based on outdated intelligence from the Defense Intelligence Agency (DIA). The building, formerly part of a naval base, was being used as a school at the time of the attack. The strike resulted in at least 175 fatalities, the majority of whom were children. President Donald Trump, who had previously claimed the incident was a "hoax" by Iran, has stated that he will accept the findings of the investigation.

Polymarket's five-minute cryptocurrency price prediction markets have reached $60 million in daily trading volume just one month after their launch, according to The Block.

Neobank Revolut, which offers services for investing in cryptocurrency and crypto-related stocks, has obtained a full banking license in the UK, The Block reported. The UK's Prudential Regulation Authority (PRA) recently lifted restrictions on Revolut's license, authorizing its legal operation within the jurisdiction. This allows the company to provide users with accounts protected by the Financial Services Compensation Scheme (FSCS). Meanwhile, Revolut's crypto trading services will continue to operate through a separate legal entity within the same app but will not be covered by the FSCS.

Strive (Nasdaq: ASST), a Bitcoin strategy and asset management firm, has recently purchased additional Bitcoin and Strategy (MSTR) perpetual preferred stock (STRC), CoinDesk reported. In an amendment to its financial statements filed on March 11, Strive disclosed the purchase of 179 BTC, bringing its total holdings to 13,311 BTC, valued at approximately $930 million. The company also bought $50 million worth of the STRC fund, which currently has a dividend yield of 11.5%. Additionally, Strive increased the dividend on its own preferred stock, SATA, by 25 basis points to 12.75%.

Unfolded reported, citing data from Kaiko, that Solana (SOL) recorded a net loss of approximately $4.15 billion last year when comparing its fee revenue to token inflation. Unfolded explained that while the network generated $170 million in fee revenue during the period, the value lost to inflation was significantly greater. By the same metric, Ethereum (ETH) experienced a net loss of $1.62 billion. Tron (TRX) was the only network to cover its inflation, generating $624 million in fee revenue for a net profit of about $730 million.

Blockchain interoperability protocol Across Protocol (ACX) is considering a plan to exchange its ACX tokens for corporate shares as it transitions from a Decentralized Autonomous Organization (DAO) to a U.S. corporation, The Block reported. If the plan is implemented, the protocol's operating entity will become a U.S. corporation named AcrossCo. ACX holders will have the option to either exchange their tokens for shares in the new company or opt for a token buyout in USDC. For the buyout, holders can exchange each ACX for $0.04375 in USDC, a price representing the recent one-month average plus a 25% premium. The protocol itself will continue to operate without interruption even after the transition to a U.S. corporate structure. The new operating company will hold the intellectual property (IP) and lead development, partnerships, and commercialization efforts. Across has raised a total of $51 million in funding to date.

Crypto custody and banking firm Anchorage Digital has partnered with Web3 security platform Immunefi to purchase its native token, IMU, The Block reported. The specific size of the investment was not disclosed. Immunefi will also provide security services for Anchorage Digital's Porto wallet.

Decentralized exchange (DEX) Aster (ASTER) has announced its third Commodity Perpetual Futures Milestone Challenge in partnership with Binance Wallet, running until 12:00 p.m. UTC on March 25. The challenge focuses on precious metal trading pairs such as PAXG, XAU, XPT, XPD, XAG, and XCU, as well as perpetual futures for crude oil (CL) and natural gas (NATGAS), which are not yet listed on Binance. Users trading on Aster through the Binance Wallet web version will benefit from zero maker fees. Participants who register for the challenge and achieve a valid trading volume of 2,000 USDT will be eligible for rewards from a 100,000 USDT prize pool. Additionally, they can earn Aster Season 6 airdrop points at a 1.2x multiplier.

The International Energy Agency (IEA) has unanimously agreed to release 400 million barrels of strategic oil reserves, NBC News reported, citing an official statement. The move marks the sixth such release in the agency's history and is the largest ever by volume. A specific timeline for the release was not announced. The IEA Secretariat added that it will provide further details on the implementation of the joint action at a later date.

U.S. President Donald Trump said the war with Iran would end soon, adding that he could end it whenever he chooses, Axios reported.

According to CoinNess market monitoring, BTC has fallen below $70,000. BTC is trading at $69,981.8 on the Binance USDT market.

According to CoinNess market monitoring, BTC has risen above $71,000. BTC is trading at $71,006.42 on the Binance USDT market.

An address associated with the digital asset management platform Safe (SAFE), formerly Gnosis Safe, just deposited 28,970 ETH, worth $59.05 million, to Binance, Lookonchain reported via X. Deposits to exchanges are typically interpreted as an intention to sell.

The three major U.S. stock indices opened mixed today. - S&P 500: +0.12% - Nasdaq: +0.28% - Dow Jones: -0.16%

Cryptocurrency exchange Backpack will conduct its Token Generation Event (TGE) this month, CEO Armani Ferrante announced during a live broadcast on Twitch. Backpack recently unveiled its TGE plans and tokenomics, stating that 25% of the total supply will be unlocked at the time of the event. This allocation includes 24% for points holders and 1% for NFT holders.

According to CoinNess market monitoring, BTC has risen above $70,000. BTC is trading at $70,014.84 on the Binance USDT market.

Nasdaq-listed Bitcoin asset manager Strive (ASST) has purchased an additional 179 BTC, Unfolded reported. Strive now holds a total of 13,311 BTC.