Live Feed

BlackRock has lowered the proposed fee for its upcoming Ethereum staking ETF (ETHB) from 18% of staking rewards to 10%. Bloomberg ETF analyst James Seyffart explained that BlackRock specified the change in a recent filing with the U.S. Securities and Exchange Commission (SEC). He added that the base fee is now set at 10%, with the possibility of tiered discounts.

Cryptocurrency data analytics firm Swissblock has found a negative correlation between its Bitcoin Risk Index and fund flows for spot Bitcoin ETFs. In an analysis shared via its Bitcoin Vector signal service, Swissblock explained that when funds flow out of ETFs, the Risk Index becomes unstable and selling pressure tends to dominate. Conversely, when there are net inflows into ETFs, the Risk Index falls. The firm noted this phenomenon has been occurring almost in lockstep since last November and became particularly prominent last week. Swissblock added that if ETF-driven inflows continue, the Risk Index could fall to 25 or below, leading to a market where buying pressure takes control.

The three major U.S. stock indices closed lower today. - S&P 500: -1.17% - Nasdaq: -1.44% - Dow Jones: -1.20%

Bloomberg analyst Eric Balchunas reported on X that the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) are in discussions to move into the same building in Washington D.C. He noted that while the two agencies are not fully merging, he considers it good news.

Curve Finance has accused PancakeSwap of plagiarizing its code. According to Cointelegraph, the code in question is for the StableSwap feature used in the latest version of the PancakeSwap DEX for exchanging stablecoins and price-pegged assets. In response, PancakeSwap stated that it will discuss the matter with Curve.

A software company's chief financial officer (CFO) has been sentenced to two years in prison for embezzling $35 million in company funds and transferring the money to his personal cryptocurrency platform, Decrypt reported. Nevin Shetty invested the funds in high-yield decentralized finance (DeFi) lending protocols that promised returns of over 20%. He subsequently lost nearly all the money following the collapse of Terra and the ensuing crypto winter.

The Florida state legislature has passed a regulatory framework for stablecoins, which The Block reports is the first of its kind at the state level in the U.S. The bill passed the Senate in a 37-0 vote. It amends Florida's anti-money laundering law to include stablecoins, requiring issuers to comply with existing regulations and prohibiting unlicensed issuance. The legislation also specifies that certain payment stablecoins are not securities. The bill is now awaiting the governor's final signature.

Digital asset management firm BlockFills is considering restructuring, Unfolded reported. The development follows a lawsuit filed by Dominion Capital on Feb. 27, accusing BlockFills of misappropriating client assets. The suit alleges the firm used millions of dollars in client funds to cover its losses. A U.S. court has since ordered 70 BTC related to the case to be frozen.

As BlackRock begins to limit redemptions for its $26 billion private equity fund amid a surge in requests, concerns are growing that instability in the global private equity market could spread to cryptocurrency, CoinDesk reported. Andreja Cobeljic, head of derivatives trading at the Swiss-based crypto bank Amina, warned that if redemption pressures force private credit funds to liquidate their positions, it could trigger widespread deleveraging across all asset classes. This, he noted, could have a ripple effect on cryptocurrencies like Bitcoin. Cobeljic added that risk assets such as crypto could face a secondary shock from disorderly liquidations in such a scenario.

According to CoinNess market monitoring, BTC has fallen below $68,000. BTC is trading at $67,964.06 on the Binance USDT market.

U.S. Senator Elizabeth Warren has criticized the Securities and Exchange Commission's (SEC) decision to dismiss its lawsuit against Tron (TRX) founder Justin Sun, arguing the move is linked to President Donald Trump's stance on cryptocurrency. According to The Block, she stated that the SEC's dismissal of the suit raises serious concerns about the agency's independence and that it must not become a puppet for Trump's billionaire friends. Warren emphasized that any cryptocurrency legislation passed by Congress must address the president's corruption issues related to the sector.

Iran has announced it is delaying the appointment of a new leader due to security concerns, the New York Times reported. U.S. President Donald Trump had previously stated that he should be directly involved in the selection of Iran's next leader.

Cango, a Chinese auto trading service platform that acquired BTC miners from Bitmain, announced it is temporarily suspending operations for approximately 30% of its mining capacity due to declining profitability. As a result, the company's average operating hashrate has been adjusted from 50 EH/s to 34.55 EH/s. Cango stated that the move is part of its equipment optimization efforts.

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

Tether has co-led a $7.5 million investment round in Utexo, a startup that supports USDT payments on the Bitcoin network. The round saw participation from Big Brain Holdings, Portal Ventures, and Franklin Templeton. Tether explained that while Bitcoin is central to the long-term vision for USDT, it requires infrastructure that was previously unavailable. The company added that Utexo was established to build these solutions and facilitate Bitcoin-based stablecoin payments. Transactions will leverage the security of the Bitcoin network, with settlement fees paid in USDT.

Binance has publicly released its response after U.S. Senator Richard Blumenthal, the ranking member of the Senate Committee on Homeland Security, demanded the exchange provide documents and answers regarding allegations it violated sanctions against Iran. The exchange stated that the sanctions violation allegations raised by the media are false and the result of a misunderstanding. Binance emphasized that it has strict Know Your Customer (KYC) and sanctions control procedures, under which it prohibits service to Iranian users and corporate accounts identified by law enforcement during investigations. The company also highlighted its ongoing cooperation with authorities.

Pakistan's parliament has passed a cryptocurrency law establishing the Virtual Asset Regulatory Authority (PVARA) as a federal agency with the power to license and supervise service providers, The Block reported. The PVARA will be responsible for issuing, suspending, and revoking licenses for crypto businesses, including exchanges and token issuers. Under the new law, operating an unlicensed crypto business will be a criminal offense, punishable by fines of up to $179,000 and a prison sentence of up to five years.

Major exchanges have seen $108 million worth of futures liquidated in the past hour. In the past 24 hours, $360 million worth of futures have been liquidated.

21Shares is launching the first U.S. spot Polkadot (DOT) ETF today, March 6. The fund has a fee of 30 basis points and begins with $11 million in initial investment.

According to CoinNess market monitoring, BTC has fallen below $69,000. BTC is trading at $68,907.26 on the Binance USDT market.

U.S. President Donald Trump has stated that there will be no negotiations with Iran without its unconditional surrender, Solid Intel reported.

Fund flows for Bitcoin spot ETFs are gradually stabilizing after a period of sustained outflows, according to an analysis from Unfolded. Citing data from Glassnode, Unfolded noted that the 14-day net inflow trend for the ETFs is rebounding, signaling an easing of selling pressure. While institutional investor demand has not yet shown a distinct recovery, the analysis pointed to signs of re-accumulation as some funds begin to flow back into the products.

A surge in bearish bets in the S&P 500 options market could create short-term downward pressure on cryptocurrency, according to a recent analysis. BeInCrypto reported, citing data from The Kobeissi Letter, that the S&P 500's three-month put-call skew has risen to around 0.50, approaching its highest level in three years. The one-month skew has also surged to about 0.53, its highest point since the 2022 bear market. A higher skew signifies that more investors are buying put options to hedge against downside risk. This trend suggests a general risk-off environment, the outlet noted. As investors are more likely to reduce their exposure to risk assets and move toward safer alternatives, capital inflows into Bitcoin and the broader crypto market could slow.

Alchemy Pay (ACH) has obtained a Money Transmitter License (MTL) in the U.S. state of Delaware, according to a PR Newswire press release. This brings the total number of U.S. states where the company holds an MTL to 15. According to CoinMarketCap, ACH is currently trading at $0.006986, up 3.37%.

According to CoinNess market monitoring, BTC has fallen below $70,000. BTC is trading at $69,989.58 on the Binance USDT market.