The US Securities and Exchange Commission (SEC) has reached a resolution in its long-running case against cryptocurrency entrepreneur Justin Sun, permanently dropping all claims against him and the Tron Foundation. As part of the agreement, Rainberry Inc.—the company responsible for developing the BitTorrent platform and closely tied to the Tron network—will pay a $10 million civil penalty.
Court documents filed on March 5, 2026, outline the terms clearly. Rainberry faces a permanent injunction barring it from future violations of securities regulations.
In contrast, every allegation against Sun in his personal capacity, along with the Tron Foundation and BitTorrent Foundation, has been dismissed with prejudice.
This legal step prevents the regulator from reopening the same issues later. Neither Sun nor the entities admitted any wrongdoing.
The case originated in March 2023, when the SEC accused the group of distributing TRX and BTT tokens through unregistered offerings and airdrops. Regulators also alleged a scheme of wash trading to inflate secondary-market volumes and undisclosed payments to celebrity promoters.
The settlement brings a swift close to these claims without imposing personal sanctions on Sun himself.
Sun welcomed the news on social media, describing the outcome as welcome closure
He reaffirmed his ongoing focus on building blockchain solutions and voiced willingness to collaborate with the SEC on developing practical guidelines for the industry moving forward.
This resolution arrives at a pivotal moment when U.S. oversight of digital assets is undergoing a noticeable evolution.
Regulators, once known for broad enforcement sweeps, are increasingly emphasizing balanced frameworks that support technological progress.
A string of favorable court outcomes for major participants has highlighted this trend.
Ripple Labs, for example, secured important clarifications in its multi-year dispute: courts ruled that programmatic sales of XRP on exchanges did not qualify as securities transactions.
Appeals concluded in 2025 with sharply reduced penalties, the dissolution of prior restrictions, and finality that preserved the company’s operational flexibility.
Similar lighter-touch resolutions involving other prominent firms have reinforced the pattern.
These developments, alongside 2025 legislative steps establishing clearer rules for stablecoins and digital-asset market structures, demonstrate a deliberate pivot.
Policymakers now appear committed to creating predictability that encourages responsible innovation rather than stifling it through prolonged litigation.
For the Tron network, the decision eliminates lingering uncertainty and allows teams to concentrate on scaling decentralized applications, cross-chain interoperability, and real-world utility in payments and content distribution.
Market participants view the outcome as further proof that regulators are calibrating their approach to nurture growth while maintaining investor safeguards.
As the cryptocurrency sector matures, pragmatic settlements like this one are expected to build confidence among builders and capital providers.
The shift signals a regulatory environment better aligned with fostering the next wave of blockchain advancement, potentially drawing more institutional interest and accelerating mainstream integration across global finance. With clarity replacing confrontation and so-called regulation by enforcement under form SEC Char Gary Gensler, the path forward looks considerably brighter for projects committed to long-term value creation.
2026-03-06 14:101mo ago
2026-03-06 08:421mo ago
Cumberland continues Ethereum buying spree with $31M withdrawal from Coinbase
Cumberland, the crypto trading arm of DRW Holdings, withdrew 14,800 Ethereum valued at approximately $31 million from Coinbase on Friday, doubling down on digital asset accumulation amid ongoing market volatility, according to data tracked by Lookonchain.
The Cumberland-labeled wallet currently holds almost 457,000 ETH worth over $940 million.
The latest transfer follows Cumberland’s Thursday move. Data shows that wallets linked to the entity pulled 46,620 ETH worth nearly $100 million from Coinbase, Binance, and Copper.
Cumberland continued accumulating $ETH, withdrawing another 14,800 $ETH($30.8M) from #Coinbase ~30 minutes ago.https://t.co/2CNtRUpICkhttps://t.co/bUruFIhPoB pic.twitter.com/vsQ3lPHnVk
— Lookonchain (@lookonchain) March 6, 2026
Ethereum’s position as the second-largest crypto asset by market capitalization makes it a natural focus for institutional allocation strategies.
The network’s ecosystem of decentralized applications, its staking yield potential, and its role as collateral across lending protocols provide multiple use cases that may appeal to institutional portfolios seeking digital asset exposure beyond Bitcoin.
Ethereum was trading at around $2,000 at press time, down 3% in the last 24 hours, per CoinGecko.
DRW Holdings, Cumberland’s parent company, operates as one of the largest proprietary trading firms globally with operations spanning traditional financial markets and digital assets.
The firm established its crypto division in 2014, making it one of the earliest institutional entrants into the digital asset trading space. Cumberland has since grown into a principal liquidity provider serving institutional clients, exchanges, and crypto-native firms.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
2026-03-06 14:101mo ago
2026-03-06 08:431mo ago
Legacy Apparel Brand Original Penguin Takes Legal Action Against Pudgy Penguins NFT Project
TLDR PEI Licensing initiates trademark lawsuit against Pudgy Penguins NFT brand. Legal action centers on penguin imagery used in clothing and accessories. Complaint seeks injunction, product destruction, and financial damages. NFT project argues its branding differs and serves separate markets. Legal battle could influence future disputes between Web3 and legacy brands. PEI Licensing, the parent entity behind Original Penguin, initiated legal proceedings against the Pudgy Penguins NFT project in Florida’s Southern District Court. The complaint accuses the blockchain-based brand of unauthorized utilization of penguin imagery and related intellectual property. According to court documents, the cryptocurrency venture allegedly violated Original Penguin’s established trademark protections.
The licensing firm contends that Pudgy Penguins’ branding elements and visual designs generate consumer confusion in the marketplace. PEI specifically pointed to similarities across clothing lines and hat products. The legal action aims to block continued commercial exploitation of contested marks.
Additionally, PEI demands financial restitution based on revenue generated from the NFT brand’s merchandise sales. The company requests court-ordered destruction of all inventory featuring disputed designs. PEI also petitions for rejection of multiple trademark applications Pudgy Penguins filed with the United States Patent and Trademark Office.
Legal Claims Focus on Apparel and Branding The complaint asserts that the NFT venture’s business practices breach unfair competition statutes. PEI maintains the blockchain company’s operations undermine decades of established brand equity and customer trust. Court filings reference specific instances where penguin-themed garments appear substantially similar.
According to PEI, Pudgy Penguins sought trademark protection for terminology including “Pengu Nation.” These registration attempts encompass product categories already protected under Original Penguin’s existing marks. The licensing firm contends such filings would erode market clarity and brand identity.
Court records indicate the NFT brand persisted with disputed branding despite receiving prior legal notifications. PEI dispatched a formal cease-and-desist communication in October 2023. The company subsequently lodged formal opposition proceedings with patent authorities throughout 2024.
Pudgy Penguins Responds to Lawsuit Representatives from Pudgy Penguins expressed astonishment at the lawsuit’s filing. The organization stated that confidential negotiations had been underway to address concerns amicably. The NFT brand maintains its visual identity bears clear distinctions from Original Penguin’s established marks.
The blockchain venture emphasized it has successfully obtained numerous trademark approvals from USPTO authorities. Pudgy Penguins asserts its customer base and market positioning differ fundamentally from Original Penguin’s traditional retail segment. Company officials expressed confidence that judicial review will vindicate their position.
The legal filing demands immediate cessation of all Pudgy Penguins activities involving penguin-inspired imagery. PEI requests market withdrawal of any merchandise potentially creating brand confusion. The licensing company maintains active surveillance of the NFT brand’s retail operations and digital commerce platforms.
Pudgy Penguins debuted its Ethereum-based NFT series in 2021, rapidly ascending to prominence within cryptocurrency communities. The project expanded into Solana blockchain infrastructure with its PENGU token and penetrated mainstream retail through physical toy distributions. Industry reports suggest the collection achieved sales exceeding $10 million during its inaugural twelve months.
This legal confrontation illustrates escalating tensions between conventional intellectual property holders and blockchain-native enterprises. PEI Licensing emphasizes trademark rights extending to 1956 for its penguin iconography. The judicial determination may establish important precedents governing intellectual property enforcement against cryptocurrency-related ventures.
Oliver Dale
Editor-in-Chief of Blockonomi and founder of Kooc Media, A UK-Based Online Media Company. Believer in Open-Source Software, Blockchain Technology & a Free and Fair Internet for all. His writing has been quoted by Nasdaq, Dow Jones, Investopedia, The New Yorker, Forbes, Techcrunch & More. Contact [email protected]
2026-03-06 14:101mo ago
2026-03-06 08:441mo ago
Here's why Pi Coin price is in a bull run amid the crypto crash
Pi Coin price is in a technical bull run after soaring by 56% from its lowest level this year. It has soared to its highest level in over two weeks despite the ongoing crypto crash.
Summary
Pi Coin price has moved into a technical or local bull market. The rally is happening despite the ongoing crypto crash. Technical analysis suggests that the token will continue soaring. Pi Network (PI) token jumped to $0.2010 on Friday, continuing an uptrend that started on March 10. This rally is likely driven by potential announcements next week when the world will mark Pi Day.
Pi Day is an annual celebration of the mathematical constant and is celebrated on March 14. In most cases, the event is celebrated in schools by doing fun activities. Some people also celebrate it by eating pies.
Historically, Pi Network marks the day by making some major announcements. For example, in a recent post, the team noted that they hope that the current phase of the Pi Network upgrade will end on that day.
Some crypto traders hope that other major announcements will be made on Pi Day. For example, some are speculating that Kraken, a top American exchange, may decide to list it on that day. It added it to its listing roadmap for the year in February.
Another possible announcement on that day is the decentralized exchange, automated market maker, and token generation feature. The developers hope that this feature will lead to more demand for the token over time.
Pi Coin price is also rising as investors buy the dip after it dropped to a record low in February. It is common for investors to buy whenever an asset falls and to short it whenever it moves to a record high. A good example of this is Zcash (ZEC), which has moved into a bear market after hitting its all-time high last year.
Pi Coin price chart analysis Pi Network price chart | Source: crypto.news The eight-hour chart reveals that the Pi Coin price has staged a strong comeback after falling to $0.1300. This rally happened amid the crypto crash. It has moved above the ultimate resistance level of the Murrey Math Lines tool.
The token has jumped above the 50-period moving average. Crossing above this indicator is a sign that the bull market is continuing. Another sign that the momentum is continuing is that the Average Directional Index has soared to 32.
Therefore, the token will likely continue soaring in the coming days as buyers target the key resistance at $0.2500.
2026-03-06 14:101mo ago
2026-03-06 08:451mo ago
Arthur Hayes warns U.S.–Iran war could force Fed back to the printer, supercharging Bitcoin
Bitcoin is pinned in a heavy macro crossfire as Arthur Hayes argues that an Iran‑driven oil shock could drag the Fed into fresh money printing and ultimately catapult BTC toward six‑figure territory.
Summary
Hayes links a U.S.–Iran war, an oil spike, and surging bond volatility to a renewed “money printing bailout” that he says will be rocket fuel for BTC. Brent is already up roughly 24% in a month as conflict chokes the Strait of Hormuz, while Treasury yields and inflation expectations grind higher. BTC, stuck well below its 2025 peak near $126,000, is trading around the high‑$60,000s despite war‑risk headlines and Hayes’ unchanged targets of $250,000 in 2026 and up to $750,000 by 2027. War, oil, and the Fed: why Arthur Hayes thinks the next liquidity wave could launch Bitcoin (BTC) from the high‑$60,000s toward $250,000 and beyond
BitMEX co‑founder Arthur Hayes is stitching the U.S.–Iran confrontation directly into his long‑running liquidity thesis: if Brent keeps “ripping” on war risk, bond markets will crack, forcing the Federal Reserve back into the role of market backstop — and that, he argues, is when BTC rips. Brent has already climbed about 24% over the past month as fighting disrupts shipping through the Strait of Hormuz, which carries roughly 20% of global oil flows, pushing up both the 10‑year yield, now just above 4%, and market‑based inflation expectations. For Hayes, this is the first step in a familiar sequence: war, energy shock, bond stress, then policy capitulation.
His key macro tell is the MOVE Index, the bond market’s volatility gauge. Hayes has said a break above 140 on MOVE would likely force the Fed into a “money printing bailout,” and while the index sits near 70, he insists the direction matters more than the level. Each incremental uptick in volatility, in his view, tightens financial conditions, raises the risk of something breaking, and increases the probability that the Fed will cut rates faster or quietly restart balance‑sheet expansion.
Crypto, for now, is not trading like it believes the script. Hayes has left his BTC roadmap untouched — $250,000 in 2026, then $500,000 to $750,000 by end‑2027 — on the bet that governments facing “unhappy populations” will buy votes with fiscal sugar highs financed by central banks. Yet BTC is labouring: after an all‑time high above $126,000 in October 2025, it now hovers near $68,000, lagging classic havens like gold and oil even as Iran headlines dominate the tape. Rate‑futures pricing shows the odds of two or more cuts this year have already dropped from 79% to 57% as traders reprice oil‑driven inflation risk, undercutting the immediate case for aggressive easing.
If Brent oil (green) keeps ripping due to US-Iran war, 10-yr yields might spike in a volatile way forcing MOVE Index higher and that is a prereq for a money printing bailout. Still early doors but something to watch. pic.twitter.com/FhoTqRAnnA
— Arthur Hayes (@CryptoHayes) March 5, 2026 That leaves a stalemate. Hayes tells investors to stay patient and wait for hard evidence — confirmed cuts, explicit balance‑sheet growth — before sizing up. Market technicians see scope for a squeeze toward $75,000–$80,000 if current support zones hold, but warn that thin liquidity and policy uncertainty can just as easily send BTC back through the mid‑$60,000s first. In this setup, BTC is less digital gold and more levered macro option on when, not if, the Fed blinks.
2026-03-06 14:101mo ago
2026-03-06 08:481mo ago
Bitcoin price eyes trend reversal as key indicator confirms bullish golden cross setup
Bitcoin price is showing early signs of a possible trend shift after a key on-chain indicator flashed a rare bullish signal, even as the market continues to consolidate.
Summary
Bitcoin’s Inter-exchange Flow Pulse crossed above its 90-day moving average for the first time since early 2025. BTC is consolidating between $67K and $72K after a sharp drop from the $95K region. A breakout above $72K could open the path toward the $75K–$78K resistance zone. Bitcoin (BTC) was changing hands at around $70,080 at the time of writing. That represents a 3.7% decline over the past 24 hours. Even so, the price remains close to the top of its weekly trading band, which currently spans from $63,176 to $73,669.
Short-term weakness hasn’t erased the gains seen over the past week. BTC is still up about 5.8% during that period. Over the last month, however, the trend is slightly negative, with the asset down around 8%. Compared with its October 2025 peak of $126,080, Bitcoin is still trading roughly 44% below its all-time high.
Market participation has also slowed. During the last 24 hours, trading volume dropped to $47.99 billion, a decline of more than 32%. Such pullbacks in activity are common during consolidation phases, when traders step back and wait for clearer direction.
The derivatives market tells a similar story. Data from CoinGlass shows trading volume in derivatives contracts falling by 23% to $72 billion. Open interest also slipped, declining 8% to $45 billion as some leveraged positions were closed.
IFP indicator signals renewed risk appetite Amid this quieter market environment, fresh on-chain data is drawing attention. Analysts at CryptoQuant report that Bitcoin’s Inter-exchange Flow Pulse has moved above its 90-day moving average.
The shift marks the first time the metric has crossed that level in roughly a year, according to a March 6 report by CryptoQuant contributor RugaResearch.
To understand why this matters, it helps to look at what the indicator measures. The IFP tracks Bitcoin transfers between spot exchanges and derivatives platforms.
A rise in flows toward derivatives venues often signals that traders are preparing leveraged positions in anticipation of potential upside. When the movement heads toward spot exchanges instead, speculation in the market usually declines.
Looking back at historical data adds more context. Since 2016, similar IFP crossovers have frequently appeared near the early stages of bullish cycles. That said, the signal does not always translate into immediate price rallies. In some cases, the market took time to react.
The indicator had spent nearly a full year below its long-term average before this latest development. It turned bearish in early 2025 and remained there throughout much of the year, making it one of the longest negative stretches recorded for the metric.
Bitcoin price technical analysis On the price chart, Bitcoin appears to be stabilizing after a steep fall earlier in the year. The drop began in the $95,000–$100,000 range and eventually pushed the price down to around $63,000, where buyers finally stepped in.
Since reaching that level, price movement has been largely sideways. This type of behavior often signals that selling pressure is easing while demand slowly returns.
Bitcoin daily chart. Credit: crypto.news For several weeks now, BTC has traded within a relatively tight corridor between $67,000 and $72,000. Markets often behave this way during accumulation phases, when participants quietly re-position before the next significant move.
The immediate hurdle sits at $72,000. If buyers manage to push the price above that level and secure a strong daily close, a breakout from the range could follow. In that case, attention would likely shift toward the $75,000–$78,000 region, where another supply zone is expected.
Below the current price, support continues to hold around $67,000. A deeper demand area can be found near $63,000, the same region that previously stopped the earlier sell-off.
That dip toward $63,000 may not have been accidental. In many markets, prices briefly fall below a key support level to trigger stop-loss orders before reversing direction.
This type of move is often referred to as a liquidity sweep. Bitcoin quickly rebounded after touching that area, reclaiming $67,000 soon afterward as buying pressure absorbed the sell-off.
Volatility has also been shrinking as the range tightens. Historically, quieter phases like this tend to precede stronger directional moves.
A breakout above $72,000 would likely strengthen bullish momentum and open the path toward higher resistance levels. On the other hand, losing support at $67,000 could weaken the recovery structure and bring the $63,000 demand zone back into focus.
2026-03-06 14:101mo ago
2026-03-06 08:481mo ago
Jane Street Bitcoin Manipulation Fears Are Back as $19M in BTC Hits Exchanges
Wallets linked to Jane Street have deposited $19 million in Bitcoin to institutional-grade exchanges, and the crypto community is watching closely.
On-chain analyst Lookonchain flagged the move, confirming that in the past two hours, wallets associated with Jane Street deposited 270 BTC, worth approximately $19 million, to Bullish.com and LMAX Digital. The transfer hit around 10 a.m. UTC, exactly when U.S. markets opened.
Trader Ted (@TedPillows) corroborated the figures, noting the deposits totaled just under $19 million and that Jane Street is the same firm previously accused of manipulating Bitcoin’s price around the U.S. market open.
Ash Crypto was more direct on X: “IS JANE STREET PLANNING TO MANIPULATE BITCOIN AGAIN?“
IS JANE STREET PLANNING TO MANIPULATE BITCOIN AGAIN?
Just now, wallets linked to Jane Street have deposited $19,000,000 in $BTC to institutional-focused exchanges.
These are the platforms used for high-frequency trading, which has been responsible for the 10am slam in the past. pic.twitter.com/yUGJbkQSKM
— Ash Crypto (@AshCrypto) March 6, 2026 Arkham on-chain data shows the transfers – 275 BTC to one address, 94.76 BTC to LMAX Digital, all within hours of each other.
What Is the Jane Street Bitcoin Manipulation Theory?For months through late 2025 and into 2026, Bitcoin reliably sold off every morning at the U.S. market open. Traders watching the pattern gave it a name: the “10 a.m. slam.”
The theory alleged that Jane Street, acting as an authorized participant in BlackRock’s IBIT ETF, was algorithmically selling BTC at open, a pattern some blamed for driving Bitcoin down from $125,000 to as low as $62,000.
Then on February 23, Terraform Labs’ bankruptcy administrator filed a lawsuit accusing Jane Street of insider trading tied to the 2022 LUNA/Terra collapse. Within 48 hours, the 10 a.m. selling stopped and Bitcoin surged 6% toward $70,000.
Glassnode co-founders Jan Happel and Yann Allemann noted: “Jane Street Lawsuit gets made public, and miraculously the 10am $btc slam disappears.”
Jane street Lawsuit gets made public, and miraculously the 10am $btc slam disappears.
— 𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰 (@Negentropic_) February 25, 2026 Allegations Against Jane StreetThe Terraform case is not Jane Street’s only legal battle. In July 2025, India’s market regulator SEBI banned the firm from local markets and froze gains, citing a “morning pump, afternoon dump” scheme across 18 derivatives expiry days.
Not everyone in crypto agrees manipulation was ever happening.
Jane Street has denied all allegations, calling the Terraform suit “baseless, opportunistic claims.”
Economist Alex Kruger found that IBIT’s 10 a.m. returns closely mirrored Nasdaq performance rather than isolated Bitcoin selling.
CryptoQuant’s head of research Julio Moreno argued that Jane Street’s authorized participant activity is standard delta-neutral practice, fully within legal bounds.
How Low Will Bitcoin Fall?Bitcoin has slipped below the $70,000 mark, currently trading at $69,998, down 3.15% over the last 24 hours. Whether today’s $19 million deposit from Jane Street wallets is connected to that move remains unconfirmed.
Also Read: Bitcoin Price Prediction: Will BTC Hold $70K as Iran-Israel Tensions Rise?
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2026-03-06 14:101mo ago
2026-03-06 08:551mo ago
SEC Moves to Settle Justin Sun of Tron Case With $10M Penalty
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The U.S. Securities and Exchange Commission (SEC) moved Wednesday to settle its high-profile enforcement case against Justin Sun and his affiliated companies, proposing a $10 million civil penalty.
If approved by a federal judge, the judgment would dismiss all remaining claims against the TRON founder with prejudice, marking a decisive end to the years-long legal battle.
Key Takeaways:
Settlement Terms: Rainberry Inc. agrees to a $10 million penalty and an injunction against deceptive practices without admitting wrongdoing. Case Dismissal: All claims against Justin Sun, the Tron Foundation, and the BitTorrent Foundation will be dismissed with prejudice. Regulatory Signal: The deal represents a significant de-escalation by the SEC following recent leadership changes and industry pushback. Discover: The best meme coins on Solana
SEC Deal: A $10 Million Resolution to Years of Litigation According to a proposed final judgment filed yesterday in the U.S. District Court for the Southern District of New York, Rainberry Inc., the company behind the BitTorrent protocol, will pay the $10 million civil penalty.
The company also agreed to a permanent injunction barring it from violating anti-fraud provisions in future securities offerings. Crucially, Rainberry accepted the settlement without admitting or denying the SEC’s allegations.
In exchange for this penalty, the SEC agreed to dismiss all outstanding claims against Sun personally, as well as the Tron Foundation and BitTorrent Foundation. The dismissal is “with prejudice,” meaning the regulator cannot refile these specific charges against Sun or his foundations in the future. The agreement effectively clears Sun’s personal liability in the matter.
Sun confirmed the development on social media on today. In a statement on X, he noted that the resolution “brings closure” and declared his intention to focus on “accelerating innovation in the U.S. and around the world.”
I am very pleased to confirm that the SEC has moved to dismiss all claims against me, Tron Foundation, and BitTorrent Foundation.
Today’s resolution brings closure, but I never stopped building. I will continue to focus on accelerating innovation in the United States and around…
— H.E. Justin Sun 👨🚀 🌞 (@justinsuntron) March 5, 2026 Context: From Celebrity Charges to Political Pivots The SEC originally sued Sun in March 2023, alleging the unregistered sale of TRX and BTT tokens.
The regulator’s complaint was extensive, accusing Sun of directing wash trading to artificially inflate TRX volumes and orchestrating undisclosed payments to celebrities like Lindsay Lohan and Jake Paul for promotion.
Six of those celebrities settled in 2024 for roughly $400,000 combined.
This settlement arrives amid a broader shift in SEC enforcement strategy following the presidential inauguration.
Today, the SEC has moved to dismiss all claims against BitTorrent Foundation. We are pleased to resolve this matter and move forward.
A new era of support for innovation is just beginning and today’s resolution is an encouraging step for the future of innovation in the United…
— BitTorrent (@BitTorrent) March 6, 2026 Democratic lawmakers, including Rep. Maxine Waters, criticized the move in a recent letter, suggesting the agency is retreating from crypto enforcement cases involving figures with political connections.
Sun reportedly invested heavily in World Liberty Financial tokens and attended events associated with the new administration prior to this resolution.
What the Justin Sun Case Says About the SEC Now The $10 million figure is relatively modest compared to the billions sought in other recent crypto cases. It signals that the current SEC is prioritizing case clearance over maximum punitive damages, a sharp departure from the “regulation by enforcement” era of 2023.
This shift aligns accordingly with a maturing market structure. As recently discussed on Cryptonews, the biggest winners of the next cycle may be the most regulated entities that successfully navigate the government’s requirements.
If this pragmatic approach continues, expect other stalled enforcement actions to resolve quickly in the coming months, likely with similar “no admission of guilt” structures.
Discover: The next crypto to explode!
2026-03-06 14:101mo ago
2026-03-06 08:571mo ago
Shiba Inu price stuck in bearish trend amid two days of zero SHIB burns
Shiba Inu (SHIB) continues to struggle as the memecoin trades under pressure despite a broader recovery in the cryptocurrency market.
At the time of writing, Shiba Inu was trading at about $0.00000549, after a decline of roughly 2.9% over the past 24 hours.
Shiba Inu has dropped about 6.2% in the past week, while losses extend to 12.5% over the last two weeks.
Notably, the price has been moving within a narrow daily range between $0.000005454 and $0.000005661, showing that traders remain cautious.
SHIB burn activity stalls for two consecutive daysOne development that has caught the attention of the community is the sudden slowdown in the Shiba Inu burn rate.
The burn mechanism is designed to reduce the token supply by sending coins to inaccessible wallets where they cannot be spent again.
This process is often viewed by supporters as a way to gradually increase scarcity and potentially support the price over time.
However, recent data shows that the burn rate has been stuck at zero for two consecutive days.
This means no measurable reduction in supply has been recorded during that period.
Even though some small transfers to burn addresses were reported, the amounts were too small to move the official burn metric.
Earlier in the week, the burn rate briefly surged by an extremely large percentage.
That spike appeared dramatic at first glance, but ultimately represented less than one million tokens removed from circulation.
Such fluctuations highlight how inconsistent burn activity can be in the Shiba Inu ecosystem.
Periods of sudden spikes are often followed by days where little or no burning takes place.
For traders, the lack of meaningful burn activity removes one of the narratives that occasionally fuels short-term optimism, and the market focus shifts back to technical indicators and broader crypto sentiment.
Weak momentum keeps SHIB in a downward channelShiba Inu’s price structure suggests that the asset is still moving inside a broader bearish trend.
The coin remains far below its all-time high of $0.00008616, which was reached during the height of the meme coin rally in October 2021.
That peak now serves as a reminder of how much value the token has lost during the prolonged market correction.
Over the past few weeks, the memecoin has attempted several rebounds, but each rebound attempt has been relatively small and quickly met with selling pressure.
This pattern often signals that the market lacks strong bullish conviction.
Trading activity has also remained relatively muted, which typically occurs when investors prefer to wait for clearer signals before committing capital.
Shiba Inu price forecastFor now, Shiba Inu appears to be stuck in a consolidation phase within a broader downtrend, and such phases can last for extended periods before a decisive breakout occurs.
Focus is currently on a key support level around $0.0000054, which the price is hovering close to.
If the token manages to hold this support zone, it could attempt a gradual recovery.
In case of a recovery, then traders should keep their eyes on the resistance near $0.0000068.
A breakout above this resistance could then push the price toward the $0.00001 psychological level and beyond that point, additional resistance levels appear around $0.000013, $0.000016, and $0.000022.
A sustained rally could eventually target the $0.000033 region, which some analysts view as a potential long-term upside zone.
On the downside, a clear breakdown below $0.0000054 would likely reinforce the bearish trend.
Such a move could trigger further selling as traders reassess the strength of the current support structure.
2026-03-06 14:101mo ago
2026-03-06 09:001mo ago
Bitcoin Holds Near $70K; Options Data Shows Investors Pulling Back on Risk
Bitcoin pullback: Bitcoin held near $70K after a nearly 4% drop, extending its retreat from $74,000 and reflecting a broader risk-off shift across markets. Macro pressure: Middle East tensions pushed oil to $85, prompting traders to rethink inflation and even price in a possible ECB rate hike, a scenario that typically weighs on crypto. Market positioning: Derivatives data showed rising open interest but cautious sentiment, with short hedging on Binance, cooling skew, and near-term volatility spiking into backwardation as traders brace for a potential high-impact event.
Bitcoin hovered just above $70,000 on Friday after slipping nearly 4%, extending a retreat that began shortly after the asset briefly pushed to $74,000 earlier in the week. The move higher failed to gain traction in a thin liquidity pocket, and the subsequent pullback aligned with a broader risk-off tone across U.S. equities. Traders are now watching whether the psychological support zone can hold as global tensions and shifting macro expectations reshape sentiment across digital assets.
Middle East Tensions Lift Oil and Stir Inflation Concerns The conflict in the Middle East intensified through the week, sending Brent crude to a fresh cycle high of $85 per barrel. With oil now up roughly 42% since the start of the year, traders are reassessing the inflation outlook across Europe. Money markets have even begun pricing the possibility of a European Central Bank rate hike before year-end, a sharp pivot from earlier expectations for cuts in 2025. Higher rates typically pressure Bitcoin, since elevated yields on safer assets can draw capital away from volatile markets.
Altcoins Struggle as Sentiment Weakens The broader altcoin market reflected the same fragility. Santiment’s social volume tracker showed sentiment for speculative tokens nearing rock-bottom levels, highlighting how quickly enthusiasm has faded. The shift comes during a week when traders have grown more cautious, rotating out of high-beta assets and reassessing exposure ahead of potential macro shocks. The softness across altcoins reinforces the idea that the market is entering a consolidation phase rather than preparing for a renewed surge.
Bitcoin’s Derivatives Data Signals Cautious Positioning Open interest in BTC futures climbed to $16.16 billion from $15 billion last week, suggesting speculative activity is returning even as positioning turns defensive. Binance funding flipped to -2.5%, pointing to localized short hedging. Three-month basis held at 2.7%, showing institutional conviction remains muted. Options markets echoed the cautious tone, with the 24-hour call split tightening to 51/49 and one-week 25-delta skew cooling to 8%. Near-term implied volatility spiked into backwardation, hinting that traders expect a high-impact event before conditions stabilize.
Token Movers Highlight Diverging Trends Market rotation was clear across individual tokens. MORPHO and JUP fell between 2% and 3% since NIGHT UTC, reflecting a shift back into dollars. OKB surged 23% after ICE partnered with OKX to introduce tokenized stocks and crypto futures. KITE and RIVER added roughly 15% each, extending strong yearly performances. Privacy tokens lagged, with ZEC and DCR dropping 6% and accelerating their downturn since NIGHT UTC.
2026-03-06 14:101mo ago
2026-03-06 09:001mo ago
Lummis Says Lawmakers Eye Bitcoin Payments Without Capital Gains Tax
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Sen. Cynthia Lummis said US lawmakers are actively exploring how Bitcoin can be used for everyday payments without automatically triggering capital gains tax, framing the issue as a key obstacle to treating the asset as a true medium of exchange.
Speaking on CNBC’s Squawk Box on March 5, the Wyoming Republican said discussions are underway in both the House and Senate around a potential de minimis exemption, with the figure currently being considered landing “right around $300.”
Congress Eyes Tax-Free Bitcoin Payments Lummis described that threshold as only part of the broader tax problem. The bigger question, she suggested, is not simply where to set a small-transaction exemption, but how Congress should distinguish between a disposal of Bitcoin as an investment asset and the use of Bitcoin as money.
“It’s called the de minimis exemption. And the number that is being looked at by House Ways and Means and Senate Finance is right around $300 as a de minimis exemption,” Lummis said, and added:
“But the challenge is trying to figure out how you can use Bitcoin as a means of exchange without paying a capital gains tax on it. So we’re trying to figure out how to weigh the appropriate way to decide when a sale of, for example, a Bitcoin should be subject to capital gains and when it should be allowed to be used as a simple means of exchange. The same way we use the US dollar.”
That distinction matters. Under the current framework, spending appreciated Bitcoin can create a taxable event, even when the transaction looks economically similar to an ordinary purchase made in dollars. For crypto advocates, that has long been one of the main reasons Bitcoin has struggled to function cleanly as a payments rail in the US, despite its growing acceptance as a store of value and institutional asset.
The exchange on CNBC made clear that Lummis sees the issue less as a niche crypto tax tweak and more as a structural inconsistency in how digital assets are treated. When host Joe Kernen joked that, by similar logic, consumers should be able to claim capital losses as the dollar steadily loses purchasing power, Lummis agreed and leaned into the comparison.
“It’s right because it’s by design the US dollar loses value at 2% or more every year,” she said. “So you’re right. If we did the same thing with the US dollar, all taxpayers would be getting a capital loss annually.”
However, Lummis did not outline a final legislative path, and she did not claim consensus has been reached.
At press time, Bitcoin traded at $70,786.
Bitcoin must close above the 200-week EMA, 1-week chart | Source: BTCUSDT on TradingView.com Featured image created with DALL.E, chart from TradingView.com
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Jake Simmons has been a Bitcoin enthusiast since 2016. Ever since he heard about Bitcoin, he has been studying the topic every day and trying to share his knowledge with others. His goal is to contribute to Bitcoin's financial revolution, which will replace the fiat money system. Besides BTC and crypto, Jake studied Business Informatics at a university. After graduation in 2017, he has been working in the blockchain and crypto sector. You can follow Jake on Twitter at @realJakeSimmons.
2026-03-06 14:101mo ago
2026-03-06 09:001mo ago
$15.19M LINK transfer coincides with channel break – Will $9.60 fall next?
A wallet linked to FlowDesk has transferred 1.61M LINK worth $15.19M into Binance, drawing immediate attention from market participants. Such rapid deposits often introduce a potential supply variable because large transfers typically precede liquidity repositioning.
At the same time, the timing of the move also coincided with Chainlink [LINK] stabilizing after months of structural weakness.
Needless to say, this context intensifies scrutiny around this transfer. If the deposited tokens remain inactive, market structure could stabilize further.
However, visible selling activity from this wallet could increase short-term pressure. Especially while the price trades close to nearby resistance zones.
LINK escapes channel, but stalls in range LINK’s price has already broken above the descending channel that guided price declines for several months. However, the breakout has not produced a sustained rally yet.
At the time of writing, the altcoin’s price was stabilizing at around $9.19, forming a consolidation range between $7.95 support and $9.60 resistance. This structure hinted at a temporary equilibrium between buyers and sellers after the prolonged downtrend.
Buyers have continued to defend the $7.95 region too – A zone that previously absorbed downside pressure. Meanwhile, repeated tests of $9.60 have failed to generate expansion.
As a result, the price action is now compressed inside this horizontal corridor. If buyers reclaim $9.60, the structure could open a path towards the $12.00 resistance zone, which previously acted as a major demand region.
Source: Tradingview
The Relative Strength Index (RSI) gradually climbed towards the neutral zone, signaling better market strength. Press time readings showed the RSI at around 50.43, while the Signal Line was near 44.49.
Previously in the downtrend, the RSI repeatedly remained suppressed below the midpoint – A sign of persistent selling pressure.
However, the latest recovery could mean that bearish intensity has weakened. Buyers perhaps now appear more willing to absorb available supply.
If RSI sustains levels above 50, it would confirm improving market strength and support sustained attempts to challenge nearby resistance levels within the consolidation range.
Why are top traders aggressively long? Despite recent exchange inflows, derivatives traders have continued to position themselves for potential upside. According to CoinGlass, 75.09% of top trader accounts held long positions, while 24.91% were short.
This distribution produces a 3.01 long-to-short ratio, highlighting a strong bullish bias among experienced market participants. This positioning may be indicative of confidence that press time price levels could attract accumulation.
However, heavy long concentration can also amplify volatility if the price moves sharply in either direction. Therefore, traders should watch whether this conviction strengthens further or begins unwinding.
If bullish positioning persists while the price stabilizes, the market could gradually rebuild upward pressure towards resistance zones.
Source: CoinGlass
Liquidation clusters below price reveal hidden risk Finally, the Binance LINK liquidation heatmap highlighted the largest leverage cluster sitting below the press time price – Particularly around the $9 zone. The heatmap showed liquidation leverage reaching roughly 365.7k, marking one of the most concentrated liquidity zones.
Markets often gravitate towards such areas because liquidations release liquidity that large participants can absorb.
With LINK trading slightly above this region near $9.19, the downside cluster becomes an important magnet. A temporary sweep below $9 could trigger cascading liquidations.
However, once those positions close, the market could quickly reclaim higher levels if buying demand absorbs the triggered supply.
Source: CoinGlass
To sum up, if buyers defend the $7.95 support afterwards and reclaim $9.60, the consolidation phase could transition into a broader recovery attempt.
Final Summary LINK now sits in a fragile equilibrium where consolidation, trader conviction, and liquidity positioning could determine direction. A downside liquidity sweep may occur first, yet sustained support defense could gradually strengthen bullish recovery attempts.
2026-03-06 14:101mo ago
2026-03-06 09:001mo ago
How Much Will Shiba Inu Price Be If Dogecoin Hits $10?
AI predictions from Grok and ChatGPT have provided insights into how high the Shiba Inu price could rise if Dogecoin hits $10. Notably, such rallies would put the market caps of these meme coins at levels that would need the crypto market cap to reach trillions of dollars for DOGE and SHIB to reach these price levels.
AI Predicts How High Shiba Inu Price Could Reach If Dogecoin Hits $10 Grok made two predictions about how high the Shiba Inu price could reach if Dogecoin hits $10, based on percentage-gain and market-cap-ratio scenarios. A rally to $10 for DOGE is a 105x gain from its current price level. This means that SHIB could rise from its current price level to around $0.00058 if it mirrors a similar percentage gain. This would also give SHIB a market cap of around $340 billion based on its circulating supply of 589 trillion coins.
ChatGPT also drew the same conclusion, predicting that the Shiba Inu price could rally to $0.0005967 if it grew at the same rate as Dogecoin during its rally to $10. Grok noted that both meme coins could grow at the same rate because they often move in tandem as they are leading meme coins with overlapping communities. Notably, both meme coins also share a positive price correlation of between 0.78 and 0.83.
Meanwhile, for the market cap ratio scenario, Grok noted that this is more grounded as SHIB has a far higher supply than Dogecoin. SHIB’s current market cap is $3.26 billion, while DOGE’s is $14.3 billion. A rally to $10 would give Dogecoin a $1.5 trillion market cap. If SHIB were to capture 10% of this projected market cap, then the Shiba Inu price could reach a market cap of $150 billion, which equates to a price target of $0.00025.
Furthermore, the Shiba Inu price could rally to $0.00063 if it captures 25% of Dogecoin’s projected $1.5 trillion market cap. Meanwhile, it would reach $0.00127 and $0.0025 if it captures 50% and 100% of the market cap, respectively.
Factors That Affect Such Bullish Momentum Grok noted that SHIB’s supply of around 589 trillion tokens makes it harder for the Shiba Inu price to reach such high valuations than Dogecoin, which has an infinite but slower inflation. As such, Shiba Inu will need extreme burns for it to reach these high price targets. Notably, SHIB burns have slowed in recent times due to low demand amid the crypto market downtrend.
Grok also mentioned that meme coins are volatile and sentiment-driven and that Elon Musk’s tweets, broader crypto bull runs, or hype can cause outsized moves. However, for Dogecoin to reach $10, the AI warned that the meme coin would need unprecedented adoption or utility. Also, the AI noted that past bull runs are no guarantee of how high DOGE and Shiba Inu prices could rise, as correlations can break across different market phases.
SHIB trading at $0.0000055 on the 1D chart | Source: SHIBUSDT on Tradingview.com Featured image from Adobe Stock, chart from Tradingview.com
2026-03-06 14:101mo ago
2026-03-06 09:011mo ago
Altcoins May Have Bottomed as SEI Price Gears Up for a Massive Breakout—Key Levels to Watch
The broader altcoin market could be approaching a pivotal moment. Recent crypto market structure suggests that altcoins, excluding the top 10 crypto have dropped to a critical support zone, a level that historically marks the end of prolonged corrective phases.
After weeks of sustained selling pressure across the crypto market, the total altcoin market cap excluding the top 10 assets appears to be stabilizing near a key accumulation region. This development is raising speculation that the altcoin sector may be preparing for its next breakout phase.
Amid this potential shift in sentiment, Sei price is emerging as one of the altcoins that could lead the next move.
Altcoin Market Shows Signs of Bottom FormationThe chart tracking the crypto total market capitalization excluding the top 10 assets indicates that altcoins are currently holding near a major long-term support zone around $170 billion.
Historically, this region has acted as a strong demand area where buyers begin accumulating after extended market corrections. The latest price action shows that the market recently tested this support level and managed to stabilize, suggesting that selling pressure could be weakening.
Source: XMomentum indicators further support this possibility. The Relative Strength Index (RSI) on the chart remains near the lower range, levels that have previously coincided with market bottoms in earlier cycles. Meanwhile, the stochastic momentum indicator is beginning to flatten, hinting that bearish momentum may be fading.
If the altcoin market manages to reclaim the $205 billion to $223 billion resistance zone, it could signal the beginning of a broader recovery across the altcoin sector.
SEI Price Testing a Critical Support ZoneAmong the altcoins showing notable technical setups, Sei appears to be positioned at a key turning point. The weekly chart shows that SEI has been trading inside a descending channel, reflecting a prolonged corrective phase since its previous rally. Currently, the price is hovering near the lower boundary of this channel, around $0.065 to $0.07, which often acts as a strong support level in trending markets.
Momentum indicators are also beginning to signal that the selling pressure could be nearing exhaustion. The Relative Strength Index (RSI) on the weekly chart is currently hovering near 28, placing it close to oversold territory. Historically, similar RSI conditions have often preceded price recoveries. Meanwhile, the MACD indicator remains in negative territory but is beginning to flatten, as the levels are heading for a bullish crossover.
What to Watch Next
The altcoin market appears to be approaching a critical turning point, with several indicators suggesting that the sector may be nearing the end of its correction phase. If the altcoin market cap excluding the top 10 cryptocurrencies begins to recover from its current support zone, it could trigger renewed momentum across the sector.
In such a scenario, Sei could emerge as one of the early movers and reach the resistance at $0.12, initially which may get extended to $0.18 and $0.25. On the downside, if itfails to hold the $0.06 support zone, the correction could extend further, delaying the potential breakout structure.
However, in the wider perspective, oversold indicators and a strengthening market structure suggest that the SEI price may be positioning itself at the foothill of a potential breakout if bullish sentiment returns to the altcoin market.
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2026-03-06 14:101mo ago
2026-03-06 09:041mo ago
Ripple Prime Offers Regulated Crypto Derivatives Access Through Coinbase Futures
Ripple is partnered with Coinbase, enabling access to regulated crypto derivatives for Ripple Prime users. While users can access Coinbase futures tied to Bitcoin, Ethereum, XRP, and Solana, including nano-sized contracts. Ripple is expanding its institutional trading capabilities by providing users with access to regulated crypto derivatives contracts on Coinbase’s derivatives exchange, which are cleared by Nodal Clear. The connection enables users to trade futures based on key cryptocurrencies within a regulated clearing system.
According to the reports, Ripple Prime members now have access to nano Bitcoin and nano Ethereum futures, as well as contracts for XRP and Solana. “These offerings are all available 24/7 in a CFTC-regulated environment, allowing for precise risk management and global market access.”
Ripple Joins Nodal Clear, Expands Coinbase Futures Access When Ripple acquired Hidden Road Partners CIV US LLC, a Futures Commission Merchant (FCM), last year, which facilitates access to Coinbase derivatives, the company is now a part of the Ripple Prime platform. It is an institutional platform that offers financing, clearing, and multi-asset prime brokerage services, and more than $3 trillion in transactions were cleared by the platform in 2025, which shows its expanding influence in institutional markets.
As part of its ambition to increase institutional derivatives access through deeper integration with the regulated clearing environment, Ripple has made it possible for its clients to access futures listed on Coinbase by becoming a clearing member of Nodal Clear.
Also, Noel Kimmel, President of Ripple Prime, said, “We are pleased to partner with Nodal Clear and Coinbase as we continue to expand our exchange coverage and bring new futures trading opportunities to our clients.”
Ripple Earlier Expanded Into DeFi Derivatives Before this, in early February, Ripple Prime started trading and margining on Hyperliquid, which made its first connection to a decentralized trading venue that gave access to perpetual futures and other derivatives at the time of managing exposure, along with FX, fixed income, OTC swaps, and cleared products.
Therefore, the latest additions highlight Ripple’s larger initiative to improve the capabilities of its Ripple Prime platform and increase institutional derivatives access in both decentralized and centralized ways.
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2026-03-06 14:101mo ago
2026-03-06 09:041mo ago
Cardano ADA Gains Utility as Spar Switzerland Accepts Crypto
At the time of writing, the price of ADA is hovering around $0.27, indicating minimal stabilisation followed by a continued downtrend. The Balance of Power (BOP) indicator stays slightly negative at -0.0097, suggesting that selling still holds a slight advantage in the short term. The native token of Cardano, ADA, is captivating attention, following the announcement of the Cardano Foundation that the cryptocurrency can now be used for payments at Spar supermarkets all over Switzerland, indicating a real-world adoption milestone for the blockchain network.
As per the foundation, customers are now able to pay with the Cardano token (ADA) using a crypto payment amalgamation backed by the OpenCryptoPay gateway, permitting seamless checkout transactions in participating stores.
This launch makes the Swiss branch of the global retail chain one of the biggest supermarket networks in Europe to accept ADA payments. This step indicates the broader push of Cardano toward everyday payment use cases and could aid in making the reputation of the network more robust as a practical blockchain ecosystem beyond decentralised finance and token speculation.
Looking at the history, retail adoption has been a positive sentiment influencer for cryptocurrencies, as it indicates growing real-world utility. Although the influence on price tends to depend on wider market conditions and investor demand instead of just adoption announcements.
The Minimal Stabilization At the time of writing, the price of ADA is hovering around $0.27, indicating minimal stabilisation followed by a continued downtrend that started in early January. The daily chart indicates that Cardano has been trading in a tight consolidation range, staying between $0.26 and $0.30 in the last few weeks after a sharp fall from the $0.40 mark earlier in the year.
The price is now around $0.269, with the market forming smaller candles and suppressed volatility, a pattern that mostly precedes a breakout move. The Accumulation/Distribution indicator, hovering at about 50.66 billion, has been trending slightly downward, indicating that purchasing pressure remains restricted and that big investors have not yet started aggressive accumulation.
At the same time, the Balance of Power (BOP) indicator stays slightly negative at -0.0097, suggesting that selling still holds a slight advantage in the short term.
Highlighted Crypto News Today:
Crypto Prices Race Back as US Job Growth and Unemployment Rate Expected to Remain Steady
A passionate journalist with a strong foundation in content writing and an experience in the crypto industry. With a commitment to self-growth, Sharmistha aims to make a meaningful impact in the media and communications landscape.
2026-03-06 14:101mo ago
2026-03-06 09:051mo ago
Bitcoin Hovers Near $69.6K to $70.5K as Range Battle Intensifies
At 8:30 a.m. EST, bitcoin traded at $69,926 on March 6, 2026, with a market cap of roughly $1.39 trillion and about $48 billion in 24-hour trading volume.
2026-03-06 13:101mo ago
2026-03-06 07:011mo ago
Dogecoin (DOGE) Lost 50% of Its Volume: Will It Actually Affect Price?
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As trading activity around the meme asset drastically decreases, Dogecoin is once again under pressure. DOGE has seen a sharp decline in volume over the past day, with activity on major exchanges dropping by about 50%. The asset's lack of traction and continuous price weakness are increasingly being attributed to this drop in market participation.
Dogecoin's bearish streak not endingDogecoin is currently trading at about $0.093, continuing a gradual decline that has characterized its performance for the majority of 2026. Although there has not been much short-term price action, the overall technical structure is still obviously negative.
DOGE/USDT Chart by TradingViewOn the daily chart, DOGE has continuously produced lower highs and lower lows, demonstrating that sellers are still in charge of the general trend. The moving averages support this pessimistic view. Dogecoin is still trading below the 26-day exponential moving average, which has served as a consistent barrier during the current decline. Near this indicator, every attempt at recovery has been turned down, preventing the asset from gaining any significant upward momentum.
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Trading volume meltsBut the decline in trading volume is what actually matters here. The DOGE market has seen a decline in activity over the past day, according to data from major exchanges, especially on derivatives markets where participation usually causes volatility and short-term price expansion.
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Assets that depend significantly on speculative trading, like meme coins, frequently find it difficult to sustain price stability when volume vanishes. The price behavior is already starting to reflect this lack of liquidity. Recent candles for Dogecoin show feeble attempts at recovery that soon fade, as buying pressure does not show up. Even slight sell pressure can lower the price in the absence of consistent capital inflows.
Declining momentum is also evident in market metrics. Short-term negative futures flows indicate that traders are either reducing exposure or closing positions while they wait for a clearer direction in the larger cryptocurrency market.
Dogecoin may keep declining unless trading activity picks back up. In the past, meme assets have relied on high trading volume and robust community speculation to produce rallies. Without those components, DOGE runs the risk of declining even more as the market dives deeper.
2026-03-06 13:101mo ago
2026-03-06 07:011mo ago
Federal Court Freezes 70.6 Bitcoin in BlockFills Legal Battle
Key TakeawaysJudge Issues Temporary Restraining Order on Bitcoin HoldingsCrypto Platform Struggles with Financial PressuresAsset Dispute Highlights Systemic Industry Challenges Federal judge orders immediate freeze on 70.6 Bitcoin connected to BlockFills platform
Dominion Capital initiates legal action seeking recovery of 70.6 BTC from BlockFills
Crypto trading platform prevented from moving 70.6 Bitcoin during ongoing litigation
BlockFills confronts mounting challenges following 70.6 BTC asset freeze order
Restraining order on 70.6 Bitcoin amplifies difficulties for embattled crypto firm
A federal judge in the United States has issued an order preventing BlockFills from transferring 70.6 Bitcoin as the cryptocurrency trading platform faces a significant legal challenge. The restraining order immobilizes these digital assets while Dominion Capital pursues its claims through the judicial system. This development compounds existing difficulties for BlockFills, which recently suspended customer withdrawals and experienced substantial financial setbacks.
Judge Issues Temporary Restraining Order on Bitcoin Holdings Federal Judge Mary Kay Vyskocil granted a temporary restraining order specifically targeting 70.6 Bitcoin under BlockFills’ control. The judicial directive prohibits any movement or international transfer of these cryptocurrency holdings. Additionally, the court mandated complete segregation between client funds and company assets, along with comprehensive documentation of all Dominion Capital positions.
Dominion Capital submitted its legal complaint on February 27 through the Southern District of New York. The filing alleges that BlockFills improperly held onto client cryptocurrency and mixed various account balances to cover trading deficits. Based on these allegations, the judge authorized the asset freeze to safeguard the 70.6 Bitcoin from potential dispersal.
This temporary restriction continues in force until the court conducts its next scheduled hearing. BlockFills must furnish complete documentation showing where the 70.6 Bitcoin is held and its current condition. The platform faces a March 17 deadline for its official response unless the court modifies the timeline.
Crypto Platform Struggles with Financial Pressures The cryptocurrency exchange suspended all customer withdrawals starting February 11 following intense market turbulence that depleted available liquidity. Company officials attributed the operational difficulties to Bitcoin’s decline approaching $60,000 levels. The withdrawal suspension, however, triggered increased examination of the platform’s financial oversight and asset management practices.
Company assessments indicated losses reaching approximately $75 million throughout the market downturn period. Institutional customers began questioning whether their deposited assets maintained full backing on the exchange. The controversy surrounding the 70.6 Bitcoin surfaced during this turbulent financial episode.
Significant personnel shifts occurred as co-founder Nicholas Hammer departed from his position as chief executive. Joseph Perry took over leadership responsibilities on an interim basis while the organization worked toward operational stability. Financial restructuring advisors have cautioned that bankruptcy proceedings may become necessary without swift financial improvement.
Asset Dispute Highlights Systemic Industry Challenges Dominion Capital aims to reclaim the 70.6 Bitcoin that it maintains was improperly withheld by the trading platform. The court’s restraining order guarantees these Bitcoin holdings remain secured pending judicial examination of competing ownership assertions. This legal safeguard maintains the contested cryptocurrency intact throughout the litigation process.
The platform provided services to approximately 2,000 institutional clients, including hedge funds and investment management firms. Trading volume exceeded $60 billion throughout 2025 according to company figures. Nevertheless, operational breakdowns have sparked wider concerns regarding asset safekeeping and corporate disclosure practices.
This legal proceeding underscores persistent vulnerabilities within centralized cryptocurrency lending and exchange operations. Litigation involving substantial digital asset reserves continues influencing regulatory and oversight conversations. Resolution of the frozen 70.6 Bitcoin situation awaits forthcoming court proceedings and financial transparency reports.
Oliver Dale
Editor-in-Chief of Blockonomi and founder of Kooc Media, A UK-Based Online Media Company. Believer in Open-Source Software, Blockchain Technology & a Free and Fair Internet for all. His writing has been quoted by Nasdaq, Dow Jones, Investopedia, The New Yorker, Forbes, Techcrunch & More. Contact [email protected]
2026-03-06 13:101mo ago
2026-03-06 07:021mo ago
Ripple's XRP Explosion in the Cards as Pundits Reveal Interesting Possibilities
Several technical analysts are looking at the $15 region as a realistic upside objective for XRP, contingent on structural confirmation rather than speculative optimism.
EGRAG Crypto frames the outlook through Elliott Wave structure, arguing that the initial 814% expansion qualifies as a textbook impulsive Wave 1, marked by strong momentum and disciplined channel respect. The current retracement lies within typical Wave 2 parameters, commonly 50 to 61.8%, with deeper pullbacks still historically valid in crypto markets.
Moreover, XRP’s price remains within the broader macro channel, so the count is not invalidated. However, it’s not yet safe to assume Wave 3. Confirmation of this phase requires a weekly close above the Wave 1 high and expanding momentum. Without that structural reclaim, the move will stay corrective.
However, the analyst believes that if Wave 3 triggers, projected targets span $15 to $25, although confirmation precedes conviction.
That said, Javon Marks suggests that XRP’s measured move above $15 remains intact, citing the late-2024 breakout as the groundwork for a potential tenfold advance exceeding 900%.
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Meanwhile, CryptoInsightUK highlights an improving short-term structure, noting that a decisive close above $1.50 would materially strengthen the bullish case and reduce the likelihood that the rally is purely open interest-driven.
At the time of writing, XRP rose 0.44% in 24 hours to $1.40, supported by the market’s rebound, short squeeze dynamics, renewed institutional ETF inflows, and a new cross-border payments research partnership. Holding above $1.40 keeps $1.50 in focus, while failure risks a retreat toward $1.30 or $1.31 near key Fibonacci support.
Nevertheless, market sentiment remains fragile, with the Fear and Greed Index at 16. For now, volume sustainability above $4.4 billion and a confirmed structural breakout will determine whether $15 evolves from projection to probability.
2026-03-06 13:101mo ago
2026-03-06 07:051mo ago
Strike secures New York BitLicense, opening bitcoin financial services to state residents
Strike secures New York BitLicense, opening bitcoin financial services to state residentsNYDFS approval allows the Bitcoin payments company to offer trading, bill pay and custody products across New York. Mar 6, 2026, 12:05 p.m.
Strike received a BitLicense and money transmitter license from the New York State Department of Financial Services, clearing the way for the bitcoin BTC$70,108.81 financial services firm to operate in the state.
“Receiving our BitLicense is a defining milestone for Strike,” said Jack Mallers, founder and CEO of Strike. “With our BitLicense, we can now bring that mission to New York, the global center of finance.”
Strike’s entry into New York is part of its expansion plans outlined in November 2025, when Mallers said his platform would add bitcoin-backed lending to allow users to borrow fiat currency while continuing to hold their bitcoin. The move would place Strike in a sector that saw several high-profile failures in 2022, when lenders including BlockFi, Celsius and Genesis filed for bankruptcy during the crypto market downturn.
The approval, announced Thursday, allows Strike to offer its products to individuals and businesses across New York, one of the most tightly regulated digital asset markets in the U.S. The company can now provide services that include buying and selling bitcoin, salary deposits converted into bitcoin and bill payments made from a bitcoin balance.
Strike can also offer tools such as recurring purchases and price-triggered orders that execute trades when bitcoin reaches a set level. Users can also convert up to 100% of direct-deposited wages into bitcoin, with conversion fees waived on deposits up to $20,000 each month.
Strike said customer bitcoin and cash balances remain held one-to-one and are not lent or used for company operations.
The license places the company under the New York State Department of Financial Services’ supervision, which includes audits, capital reserve rules and cybersecurity examinations.
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2026-03-06 13:101mo ago
2026-03-06 07:071mo ago
S&P 500 Put-Call Skew Hits Highest Level Since 2022 Bear Market And Bitcoin May Pay the Price
Wall Street investors brace for turbulence as the S&P 500’s put-call skew climbs amid broader geopolitical tensions caused by the US-Israel-Iran conflict.
Defensive positioning across both equity and credit markets is growing, raising the risk of capital flight from the crypto market.
Investor Fear Surges in Options Market as S&P 500 Skew SurgesInvestor fear is rising in the options market, according to data from The Kobeissi Letter. The S&P 500’s three-month put-call skew has reached approximately 0.50, near three-year highs.
The one-month skew surged to about 0.53. This marked the highest level since the 2022 bear market and is quite close to the 0.56 level seen during the 2020 pandemic crash.
“Investor positioning in the options market is extremely bearish,” The Kobeissi Letter stated.
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S&P 500 Index Skew. Source: X/The Kobeissi Letter Defensive sentiment is climbing for individual stocks as well. The average three-month single-stock put-call skew is now about 0.15, the highest since August.
Put-call skew refers to the difference in demand between put options (which give the right to sell a stock) and call options (which give the right to buy a stock). A higher put-call skew typically indicates greater demand for put options, suggesting bearish sentiment or concern about downside risk.
Market anxiety is mounting as geopolitical tensions persist, affecting investor sentiment. The ongoing conflict in the Middle East has driven up oil prices.
It has also fueled concerns that sustained increases in oil prices could lead to higher inflation and dampen global investment, impacting markets worldwide. BeInCrypto highlighted yesterday that 72.1% of stocks were declining.
The impact is also visible through market data. According to the latest figures from Google Finance, the S&P 500 decreased by 0.56% to 6,830.71. Moreover, the Dow Jones Industrial Average fell 784.67 points, or 1.61%, to 47,954.74.
Bearish sentiment is also hitting credit markets. Hedging activity in put options on four key US credit ETFs, HYG, JNK, LQD, and BKLN, has reached 11.5 million contracts, as reported by BeInCrypto.
What This Means for Bitcoin and Crypto MarketsThe data points to a broader risk-off sentiment across financial markets. Amid macroeconomic uncertainty, market participants typically become more defensive in their positioning.
In such environments, capital often rotates away from higher-risk assets and into perceived safe havens. Since Bitcoin and most cryptocurrencies are still widely treated as high-beta risk assets by investors, this shift in risk appetite can lead to reduced inflows into crypto markets and increased short-term volatility.
The broader macro environment is also contributing to caution. Geopolitical tensions in the Middle East have pushed oil prices higher, raising concerns about persistent inflation.
If inflation risks remain elevated, central banks may delay interest rate cuts, which could limit liquidity in global financial markets. Since crypto markets are highly sensitive to liquidity conditions, prolonged tight monetary policy could weigh on digital assets. BeInCrypto also cautioned previously that an oil shock could trigger a liquidity selloff.
The coming weeks look critical for both traditional and cryptocurrency markets. As hedging accelerates across many asset classes, the risk of a broad repricing grows. Bitcoin faces a tough backdrop where risk aversion dominates.
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2026-03-06 13:101mo ago
2026-03-06 07:081mo ago
Strike Receives New York BitLicense for Regulated Bitcoin Operations
Key Highlights Strike receives NY BitLicense, launching fully regulated Bitcoin operations across the state. Platform enables Bitcoin purchases, sales, and bill payments with comprehensive security. Paycheck direct deposits convert to Bitcoin up to $20K monthly, fee-free. Segregated customer assets with 1:1 Bitcoin reserves guarantee secure withdrawals. BitLicense approval strengthens Strike’s standing in NY’s rigorous regulatory environment. The New York State Department of Financial Services has granted Strike both a BitLicense and Money Transmitter License. These regulatory approvals authorize Strike to deliver comprehensive Bitcoin financial services throughout New York State. The BitLicense certification confirms Strike meets rigorous requirements for security protocols, operational transparency, and customer protection measures.
Receiving the BitLicense places Strike within an exclusive circle of companies authorized under New York’s demanding digital currency regulatory structure. Armed with this licensing, Strike now deploys brokerage operations, savings products, and payment processing capabilities directly within the state. This regulatory milestone marks a significant advancement in Strike’s nationwide growth strategy.
New York’s BitLicense mandates continuous compliance audits, minimum capital requirements, and enhanced cybersecurity supervision. Strike operates under obligation to maintain full 1:1 Bitcoin reserves and keep customer holdings separate from company operating funds. These requirements guarantee customers maintain secure access to their funds independent of business operations.
Full-Featured Bitcoin Platform Launches in New York Strike’s service infrastructure provides New York residents access to Bitcoin purchases and sales through bank connections, debit cards, or wire transfers. The platform supports automated recurring purchase programs enabling users to systematically accumulate Bitcoin over time. Conditional order functionality allows price-based transaction execution, giving users sophisticated market timing tools.
The platform additionally supports direct paycheck deposits that automatically convert to Bitcoin without incurring conversion charges up to $20,000 monthly. Users maintain ability to settle bills directly from their Bitcoin holdings, including utility payments, mortgage obligations, and credit card balances. Transfers to personal custody wallets carry no platform fees, with Strike absorbing blockchain transaction costs.
Operational clarity remains central through mandatory segregation of all customer deposits. Users gain protection from BitLicense requirements that mandate capital adequacy ratios and regular regulatory reviews. These protective mechanisms strengthen security infrastructure and prevent operational fund misuse.
Regulatory License Confirms Compliance Standards and Market Entry The New York BitLicense represents a gold standard credential for firms pursuing regulated operations in primary U.S. financial centers. The roster of licensed entities encompasses Coinbase, Circle, MoonPay, eToro, and Robinhood. The BitLicense verification confirms compliance with anti-money laundering frameworks and mandatory cybersecurity standards.
Regulatory enforcement actions by New York authorities highlight the license’s comprehensive oversight requirements. Historical enforcement includes Genesis Global Trading, which relinquished its license and paid substantial penalties following compliance violations. Strike’s successful approval confirms complete adherence to New York’s exacting regulatory expectations.
The BitLicense authorization enables Strike to deliver services at institutional scale within New York’s financial ecosystem. This credential elevates the company’s market credibility while supporting delivery of secure, Bitcoin-focused financial products. Through this licensure, Strike advances its market presence while upholding regulatory accountability and customer trust.
Oliver Dale
Editor-in-Chief of Blockonomi and founder of Kooc Media, A UK-Based Online Media Company. Believer in Open-Source Software, Blockchain Technology & a Free and Fair Internet for all. His writing has been quoted by Nasdaq, Dow Jones, Investopedia, The New Yorker, Forbes, Techcrunch & More. Contact [email protected]
2026-03-06 13:101mo ago
2026-03-06 07:101mo ago
Samson Mow Objects to Michael Saylor's Bitcoin Insufficiency Post
As the long-standing debate about Bitcoin’s supply scarcity remains unresolved, a recent X post from Strategy founder Michael Saylor on a similar matter has triggered a reaction from Jan3 CEO and longtime Bitcoin advocate, Samson Mow.
In his post, Strategy’s Saylor declared Bitcoin’s supply limited, making it insufficient for everyone to buy. Samson Mow, on the other hand, appears to not entirely agree, as he offered a simple mathematical perspective on Bitcoin’s scarcity.
Bitcoin could reach everyone on Earth While Saylor had posted that there is not enough
Bitcoin for everyone, Mow broke the idea down into numbers to illustrate how Bitcoin could circulate globally while being limited to 21 million tokens.
According to Mow’s math, if the entire supply of 21 million Bitcoins were distributed evenly among every person on Earth, each individual would receive about 259,259 satoshis, or “sats.”
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It is important to note that these Satoshis are the smallest unit of Bitcoin, with 100 million sats making up one Bitcoin. With Mow’s math, it appears that each person on earth could own about 1-2 BTC if it were to be distributed worldwide.
Saylor solely claims over 3% of BTC's supply Although Mow’s math proved that Bitcoin could be sufficient for everyone to buy, his mathematical illustration did not necessarily dispute Saylor’s broader point about scarcity.
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Rather, Mow’s statement basically pointed at just how small a share of Bitcoin each individual could theoretically own, which makes it impossible for everyone to own considering how large corporations like Strategy, Metaplanet and others, continue to scoop up the asset in large quantities.
This further fuels the narrative that Bitcoin’s scarcity could drive its long-term value surge, even as more institutions and governments begin to launch large Bitcoin treasuries.
With Saylor’s consistent Bitcoin purchases, Strategy now owns about 3.5% of the asset’s total supply. Judging by Mow’s math, Strategy’s Bitcoin holdings cover millions of people.
2026-03-06 13:101mo ago
2026-03-06 07:101mo ago
Morgan Stanley Files Updated SEC Amendment for Spot Bitcoin ETF Launch
Wall Street veteran Morgan Stanley has advanced its efforts to introduce a spot Bitcoin exchange-traded fund. The financial institution submitted an amended registration filing to the U.S. Securities and Exchange Commission on March 4.
2026-03-06 13:101mo ago
2026-03-06 07:201mo ago
Bitcoin hit by short-termism as rally fades ahead of U.S. jobs data
Your day-ahead look for March 6, 2026 Mar 6, 2026, 12:20 p.m.
By Francisco Rodrigues (All times ET unless indicated otherwise)
Cryptocurrency prices are falling as some holders look to cash in on the mid-week bounce to $74,000 and others prefer less risky assets as the war in the Middle East escalates.
Bitcoin BTC$70,549.10 has lost 3.7% in the past 24 hours, holding just above $70,000, while the wider CoinDesk 20 (CD20) index dropped 3.5% as momentum from the rally earlier in the week cools. Bitcoin cleared $74,000 on Wednesday and is still up more than 6% over five days.
Illia Otychenko, lead analyst at CEX.IO, said the decline reflects selling pressure from short-term traders who bought the recovery. "Despite the recent recovery, there is still limited conviction that the rally will continue," Otychenko told CoinDesk.
Meanwhile, derivatives markets show growing pessimism. Funding rates remain deeply negative, meaning traders are paying to hold onto short positions.
But underlying demand hasn’t gone anywhere. Otychenko noted that stablecoin movements into exchanges recently reached their highest levels in 2026 while spot bitcoin ETF flows turned positive.
“This creates a clear conflict in the market. Institutional spot buyers are accumulating Bitcoin, while derivatives traders are increasing short positions,” he added. “Historically, when spot accumulation coincides with negative funding, it often ends in a short squeeze, where short sellers are forced to close positions and the price moves higher. However, that outcome is not guaranteed.”
Geopolitics remains a factor. Brent crude is up more than 22% in the past week after U.S. and Israeli strikes on Iran and retaliatory attacks disrupted oil shipments through the Strait of Hormuz, a chokepoint carrying roughly 20% of global supply.
“Hormuz tanker traffic is still down 92%, Goldman is warning oil could hit $100, and the curve is flattening again as the short end reprices inflation risk with the 2Y backing up to 3.51%,” said Bryan Tan, a trader at Wintermute in a note.
The surge in energy prices is feeding inflation concerns, prompting traders to reconsider interest-rate cut expectations. Bond markets are already reflecting that shift, with U.S. Treasury yields rising as investors price in the risk that inflation will remain elevated.
And don't forget, there's also the U.S. jobs report later today, which will also feed into the Fed's interest-rate decisions. Stay alert!
Read more: For analysis of today's activity in altcoins and derivatives, see Crypto Markets Today
What to WatchFor a more comprehensive list of events this week, see CoinDesk's "Crypto Week Ahead".
CryptoNothing scheduled.MacroMarch 6, 8:30 a.m.: U.S. nonfarm payrolls for February Est. 59K (Prev. 130K)March 6, 8:30 a.m.: U.S. unemployment rate for February Est 4.3% (Prev. 4.3%)March 6, 8:30 a.m.: U.S. average hourly earnings MoM for February Est. 0.3% (Prev. 0.4%)Earnings (Estimates based on FactSet data)March 6: Metalpha (MATH), pre-marketToken EventsFor a more comprehensive list of events this week, see CoinDesk's "Crypto Week Ahead".
Governance votes & callsNo major governance votes & calls.UnlocksMarch 6: Hyperliquid (HYPE) to unlock 2.72% of its circulating supply worth around $288.77 million.Token LaunchesNo major token launches.ConferencesFor a more comprehensive list of events this week, see CoinDesk's "Crypto Week Ahead".
Day 3 of 3: Quant 2026 (Varese, Italy)Market MovementsBTC is down 1.15% from 4 p.m. ET Thursday at $70,398.30 (24hrs: -2.89%)ETH is down 1.58% at $2,055.24 (24hrs: -3.01%)CoinDesk 20 is down 1.22% at 2,008.56 (24hrs: -3.52%)Ether CESR Composite Staking Rate is down 8 bps at 2.83%BTC funding rate is at -0.011% (-1.2209% annualized) on BinanceDXY is unchanged at 99.23Gold futures are up 0.69% at $5,100.10Silver futures are up 1.64% at $83.03Nikkei 225 closed up 0.62% at 55,620.84Hang Seng closed up 1.72% at 25,757.29FTSE 100 is unchanged at 10,415.70Euro Stoxx 50 is unchanged at 5,760.30DJIA closed on Thursday down 1.61% at 47,954.74S&P 500 closed down 0.56% at 6,830.71Nasdaq Composite closed down 0.26% at 22,748.99S&P/TSX Composite closed down 0.98% at 33,610.00S&P 40 Latin America closed down 3.12% at 7,318.90U.S. 10-Year Treasury rate is up 7 bps at 4.15%E-mini S&P 500 futures are unchanged at 6,804.50E-mini Nasdaq-100 futures are unchanged at 24,905.25E-mini Dow Jones Industrial Average futures are unchanged at 47,804.00Bitcoin StatsBTC Dominance: 59.47% (-0.02%)Ether-bitcoin ratio: 0.02917 (-0.24%)Hashrate (seven-day moving average): 1,026 EH/sHashprice (spot): $30.66Total fees: 2.75 BTC / $198,402CME Futures Open Interest: 104,755 BTCBTC priced in gold: 13.8 oz.BTC vs gold market cap: 4.71%Technical AnalysisThe ratio of altcoins (excluding top 10) to bitcoin is looking likely to close above the 50-week exponential moving average, implying no clear breakout for altcoinss relative to BTC. With no clear RSI divergences it is unlikely we will see a sustained rally from the broader altcoin universe.Crypto EquitiesCoinbase Global (COIN): closed on Thursday at $205.71 (–1.54%), –0.40% at $204.89 in pre-marketGalaxy Digital (GLXY): closed at $22.73 (–6.61%), –0.70% at $22.57MARA Holdings (MARA): closed at $8.77 (–5.60%), –0.91% at $8.69Riot Platforms (RIOT): closed at $15.60 (–5.63%), –0.71% at $15.49Core Scientific (CORZ): closed at $16.00 (+1.01%)CleanSpark (CLSK): closed at $9.95 (–6.66%), –0.50% at $9.90Exodus Movement (EXOD): closed at $11.18 (–8.06%)CoinShares Bitcoin Mining ETF (WGMI): closed at $39.25 (–4.73%)Circle Internet Group (CRCL): closed at $105.74 (+0.45%), –0.43% at $105.29Bullish (BLSH): closed at $35.02 (–4.99%), unchanged at $35.00Crypto Treasury Companies
Strategy (MSTR): closed at $139.81 (–4.53%), –0.30% at $139.39Strive Asset Management (ASST): closed at $9.25 (–3.85%)Sharplink (SBET): closed at $7.93 (–2.46%), –1.01% at $7.85Upexi (UPXI): closed at $0.96 (–10.93%)Lite Strategy (LITS): closed at $1.13 (–7.38%)ETF FlowsSpot BTC ETFs
Daily net flows: -$227.9 millionCumulative net flows: $55.7 billionTotal BTC holdings ~ 1.29 millionSpot ETH ETFs
Daily net flows: -$90.9 millionCumulative net flows: $11.74 billionTotal ETH holdings ~ 5.68 millionSource: Farside Investors
While You Were SleepingChina in talks with Iran to allow safe oil and gas passage through Hormuz (Reuters): China is in talks with Iran to allow crude oil and Qatari liquefied natural gas vessels safe passage through the Strait of Hormuz. U.S. grants India temporary waiver to import Russian oil (Bloomberg): The waiver, which expires April 4, covers transactions related to Russian crude oil and petroleum products loaded onto vessels before March 5.Jobs report today: Oil heads for biggest weekly gain since early Ukraine war (The Wall Street Journal): Oil prices extended gains as the Middle East conflict entered its seventh day. Dubai crypto regulator says KuCoin exchange is operating without proper license and must stop (CoinDesk): Dubai’s digital assets regulator said crypto exchange KuCoin has been operating without proper licensing, and must cease serving clients in the region.More For You
CoinDesk Research looks into how Pudgy Penguins disrupts traditional toys market via a phygital model. With 2M+ units sold, they scale via global partnerships and events.
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Disrupting a Stagnant Market: Pudgy Penguins is utilizing a "Negative CAC" model to challenge the traditional $31.7B licensed toy industry by treating physical merchandise as a profitable user acquisition tool rather than just a final product.More For You
Bitcoin takes aim at $74,000. Surprisingly, the dollar's rallying too.
Mar 5, 2026
Your day-ahead look for March 5, 2026
What to know:
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2026-03-06 13:101mo ago
2026-03-06 07:201mo ago
U.S. Bitcoin ETFs Log $228M in Outflows After Strong Start to the Week
Bitcoin ETFs: U.S. Bitcoin ETFs saw $227.9 million in outflows as investors pulled back after a strong inflow day, with major withdrawals from IBIT, FBTC, BITB, and ARKB. Ethereum ETFs: Ethereum products recorded $90.9 million in outflows, led by a $115 million withdrawal from FETH, while ETHA stood out with $30.3 million in inflows. Broader Market: Solana and XRP ETFs posted smaller outflows, reflecting shifting sentiment as Bitcoin consolidated near $71,000 and investors took profits.
U.S. Bitcoin ETFs saw a sharp reversal on March 5 as net outflows reached $227.9 million, marking a sudden shift after a strong start to the week. The move occurred while Bitcoin was hovering near $71,000 and broader crypto markets were cooling, prompting investors to reassess their risk appetite. The contrast with the previous session’s more than $460 million in inflows underscored how quickly sentiment can turn in the current environment.
Major Bitcoin ETF Withdrawals Lead the Day The largest pullbacks came from BlackRock’s IBIT and Fidelity’s FBTC, signaling a pause in institutional accumulation. IBIT recorded $88.7 million in withdrawals, while FBTC saw $48 million leave the fund. Additional pressure came from Bitwise’s BITB with $46.4 million in outflows and ARK Invest’s ARKB, which shed $22.7 million. Grayscale’s GBTC also continued its steady bleed, losing another $18.9 million. Only a few smaller Bitcoin ETFs managed to attract modest inflows, including Valkyrie’s BRRR, which received roughly $5.4 million.
Ethereum ETFs Mirror the Downtrend Spot Ethereum ETFs also faced notable withdrawals, totaling $90.9 million. Fidelity’s FETH led the downturn with $115 million in redemptions, offset only partially by BlackRock’s ETHA, which brought in $30.3 million. Bitwise’s ETHW and 21Shares’ TETH posted smaller outflows, reflecting a broader cooling in demand across major crypto ETF categories. The pattern suggested that investors were taking a cautious stance as market momentum slowed.
Emerging Crypto ETFs Show Mixed Activity Flows in emerging crypto ETF products were relatively limited but still reflected shifting sentiment. Solana ETFs saw $6 million in outflows, primarily from Fidelity’s FSOL. XRP ETFs recorded $6.15 million in net withdrawals, driven largely by the Franklin XRP ETF. While smaller in scale compared with Bitcoin ETFs and Ethereum products, these movements highlighted growing investor interest in diversified exposure even during pullbacks.
Market Consolidation Shapes Investor Behavior With Bitcoin consolidating around the $70,000 to $71,000 range, some investors appeared to be taking profits after the earlier inflow surge. Analysts noted that Bitcoin ETFs remain a key gauge of institutional sentiment, especially as the market navigates short-term volatility. The latest data reinforced how quickly flows can shift as conditions evolve.
2026-03-06 13:101mo ago
2026-03-06 07:251mo ago
Strike BitLicense marks key step in New York bitcoin financial services expansion
New York has approved a major step for bitcoin financial services as the state grants the long-sought strike bitlicense to a fast-growing crypto firm.
Summary
Regulatory green light from New YorkServices for retail and business usersStrategy and leadership visionExpansion into a risky lending segmentRegulatory oversight and complianceImplications for the New York bitcoin market Regulatory green light from New York Strike has secured both a BitLicense and a money transmitter license from the New York State Department of Financial Services (NYDFS), allowing the company to operate in one of the United States’ most tightly regulated digital asset markets.
With this approval, the firm can now offer New York individuals and businesses a full suite of bitcoin-related services. These include buying and selling bitcoin, converting paychecks into bitcoin, and paying recurring bills such as utilities, credit cards and mortgages directly from bitcoin balances across the state.
Moreover, the authorization allows Strike to provide custody, trading and bill-pay services throughout New York. That said, the company remains bound by NYDFS compliance standards, which are among the strictest in the digital assets sector.
Services for retail and business users Strike plans to roll out tools such as recurring purchases and price-triggered orders that execute trades automatically once the bitcoin price reaches a pre-set level. In addition, New York users will be able to convert up to 100% of their direct-deposited wages into bitcoin, with conversion fees waived on deposits up to $20,000 each month.
However, the firm emphasizes that customer bitcoin and cash balances are held on a one-to-one basis. Strike states that these balances are not lent out, nor are they used to fund company operations, positioning the platform as a conservative custodian after previous market turmoil.
Strategy and leadership vision “Receiving our BitLicense is a defining milestone for Strike,” said Jack Mallers, the company’s founder and chief executive. “With our BitLicense, we can now bring that mission to New York, the global center of finance,” he added, underscoring the importance of the approval.
Furthermore, Strategy’s entrance into New York forms part of a broader expansion roadmap. The company is preparing to introduce bitcoin-backed lending, allowing users to borrow fiat currency while continuing to hold their bitcoin, a structure that aims to avoid forced asset sales.
Expansion into a risky lending segment The planned lending products would let customers access traditional currency while maintaining exposure to bitcoin price movements. However, this move pushes Strike into a market segment that suffered several high-profile failures in 2022, when lenders such as BlockFi, Celsius and Genesis filed for bankruptcy.
That said, the firm presents its approach as more conservative than some failed competitors. By holding customer assets one-to-one and avoiding rehypothecation, Strike is seeking to reassure regulators and users wary of leverage and opaque balance sheets in crypto lending.
Regulatory oversight and compliance The strike bitlicense places the company directly under NYDFS supervision. This oversight includes formal audits, capital reserve requirements and regular cybersecurity examinations intended to reduce operational and systemic risks.
Moreover, the New York approval signals a notable vote of confidence in Strike’s compliance framework. For the NYDFS, it also demonstrates that new entrants in bitcoin bill-pay and trading can still meet stringent standards imposed after earlier industry crises.
Implications for the New York bitcoin market Industry observers note that Strategy’s New York BitLicense approval could intensify competition among platforms offering services to residents and businesses in the state. With tools to buy and sell bitcoin, convert wages, and pay bills in one interface, Strike is positioning itself as a full-stack provider.
In addition, the ability to convert a paycheck to bitcoin and access future lending products may appeal to users looking for integrated bitcoin financial services in New York. However, the long-term impact will depend on user adoption, market conditions and the platform’s capacity to maintain regulatory trust.
In summary, Strike’s licensing by NYDFS opens the door to expanded bitcoin custody, trading and bill-pay offerings in New York while setting the stage for future lending products in a closely watched regulatory environment.
Amelia Tomasicchiohttps://cryptonomist.ch
As expert in digital marketing, Amelia began working in the fintech sector in 2014 after writing her thesis on Bitcoin technology. Previously author for several international crypto-related magazines and CMO at Eidoo. She is now the co-founder of The Cryptonomist. She is also a marketing teacher at Digital Coach in Milan and she published a book about NFTs for the Italian publishing house Mondadori, while she is also helping artists and company to entering in the sector. As advisor, Amelia is also involved in metaverse-related project such as The Nemesis and OVER.
2026-03-06 13:101mo ago
2026-03-06 07:281mo ago
Short-Term Pressure And Mean-Reversion Hopes Shape The Price ethereum Outlook
Markets are leaning risk-off and crowding into Bitcoin, leaving the price ethereum action in a fragile stabilization phase around the $2,000 zone.
ETH/USDT — daily chart with candlesticks, EMA20/EMA50 and volume. Summary
Market Thesis: Ethereum Sitting in the Crossfire of Risk-Off FlowsDaily Chart (D1) – Macro Bias: Neutral with a Bearish HangoverRSI (Daily)MACD (Daily)Bollinger Bands (Daily)ATR (Daily)Daily Pivot Levels1-Hour Chart (H1) – Short-Term Bias: Weak and Drifting LowerEMAs (H1)RSI (H1)MACD (H1)Bollinger Bands (H1)ATR (H1)Hourly Pivot Levels15-Minute Chart (M15) – Execution Context: Local Downtrend Inside a Bigger RangeEMAs (M15)RSI (M15)MACD (M15)Bollinger Bands (M15)ATR (M15)15-Minute Pivot LevelsCross-Timeframe Picture: Where the Signals Agree and ConflictScenarios for Ethereum Price (ETH)Bullish ScenarioBearish ScenarioPositioning, Risk, and How to Think About This Tape Market Thesis: Ethereum Sitting in the Crossfire of Risk-Off Flows Ethereum (ETH) is trading around $2,050, caught between a structurally damaged higher timeframe trend and a short-term attempt to base. The broader crypto market just took a hit: total market cap is down roughly 3.3% in 24h, BTC dominance is pushing above 56.9%, and sentiment is locked in Extreme Fear (18). This is classic capital-rotation behavior into Bitcoin while the rest of the space de-levers.
In this environment, the dominant force is not ETH strength; it is defensive positioning. Traders are trimming altcoin risk and prioritizing liquidity. ETH is not in freefall, but it is clearly not leading. The daily chart shows a market trying to hold a mid-range zone after a heavy drawdown from much higher levels. The big question now is whether ETH consolidates here before another leg lower, or whether this is the early phase of a slow mean reversion higher.
On the daily, the main scenario is neutral leaning slightly bearish. Downside momentum has cooled, but the higher timeframe trend is still damaged and unresolved.
Daily Chart (D1) – Macro Bias: Neutral with a Bearish Hangover Price & Trend Structure
– D1 close: $2,053.15
– Above EMA20, below EMA50 and EMA200
ETH is sitting just above the 20-day EMA at $2,039 but far below the 50-day EMA at $2,278 and the 200-day EMA at $2,924.
Interpretation: price reclaiming the 20-day is a first step toward stabilization, but as long as ETH is pinned under both the 50-day and 200-day, the broader trend remains broken. This is more of a bounce within a downtrend than a clear bullish reversal.
RSI (Daily) – RSI(14): 48.05
RSI has clawed its way back toward the midpoint but has not flipped into clear bullish territory.
Interpretation: ETH is neither overbought nor oversold; momentum is flat to mildly constructive. This lines up with a market that has paused after a selloff but has not attracted aggressive dip buyers yet.
The MACD is still below zero, but the line is rising toward the signal and the histogram is firmly positive.
Interpretation: bearish momentum is fading. This is what you typically see in the early phase of a potential mean reversion. The downtrend is losing power, but there is not yet a convincing bullish impulse. It supports the idea of a maturing bottoming attempt, not a confirmed trend change.
Bollinger Bands (Daily) – Middle band (20SMA proxy): $1,982.63
– Upper band: $2,113
– Lower band: $1,852.25
– Price: just above the mid-band
ETH is trading slightly above the mid-band after previously pressing the lower band area.
Interpretation: price migrating back toward the center of the bands shows volatility normalization after downside pressure. As long as ETH holds above the middle band, bulls have a foothold. A drop back toward $1,850 would reopen the door to trend continuation lower.
ATR (Daily) – ATR(14): $133.06
Daily range risk is sitting around $130.
Interpretation: this is elevated but not extreme for ETH. Volatility is high enough that a $150–200 move in a day is entirely plausible. This matters for position sizing and stops. The market can move fast, but it is not in a capitulation regime.
Daily Pivot Levels – Pivot point (PP): $2,061.23
– Resistance 1 (R1): $2,085.25
– Support 1 (S1): $2,029.14
Price is trading just below the daily pivot.
Interpretation: ETH is stuck in a tight daily band around the pivot. Intraday control is marginally with sellers while above S1. A sustained push over $2,085 would show bulls regaining short-term initiative on the daily, whereas a close below $2,030 would signal renewed downside probing.
1-Hour Chart (H1) – Short-Term Bias: Weak and Drifting Lower On the 1H chart, ETH is soft and failing to hold short-term moving averages, which slightly contradicts the daily stabilization story.
Price is below both the 20- and 50-hour EMAs, but still above the 200-hour EMA.
Interpretation: intraday trend is bearish inside a larger consolidation. Short-term sellers are in control as long as ETH remains under $2,075–2,080. However, the fact that price is still above the 200-hour EMA around $2,022 shows the broader intraday structure is more of a pullback than a complete breakdown.
RSI (H1) – RSI(14): 39.15
RSI is below 40 on the hourly but not oversold.
Interpretation: intraday momentum is tilted bearish. There is mild downside pressure, but no sign yet of panic or forced selling. This fits with a controlled grind lower.
The MACD is below zero and below its signal line, with a negative histogram.
Interpretation: short-term momentum is aligned with the downside. Hourly sellers are pressing, and there is no clear sign of an intraday bullish cross yet. This weakens the daily mean reversion bull case in the very near term.
Bollinger Bands (H1) – Middle band: $2,073.38
– Upper band: $2,095.21
– Lower band: $2,051.55
– Price: near the lower band
ETH is hovering just above the lower hourly band.
Interpretation: price pressing the lower band on H1 shows a modest intraday downtrend. However, there is no violent band expansion, so this is more steady selling than a liquidation cascade. It does, however, leave room for a snapback rally if sellers get exhausted.
ATR (H1) – ATR(14): $17.59
Hourly ranges are about $17–20.
Interpretation: this is manageable intraday volatility. There is enough movement for active traders, but it is not so extreme that levels are meaningless. Moves between $2,030 and $2,080 can happen quite quickly.
Interpretation: ETH is oscillating right around the intraday fair value line. Short-term control is undecided, but any push below $2,042 would hand the session to sellers, while reclaiming and holding above $2,059–2,060 would lean the intraday tape back toward buyers.
15-Minute Chart (M15) – Execution Context: Local Downtrend Inside a Bigger Range The 15-minute chart is in a clear bearish regime, which mirrors the short-term weakness seen on H1.
Interpretation: very short-term trend is clearly down. Every bounce into the $2,063–2,075 area is, for now, a potential sell zone rather than a buy-the-dip level.
RSI (M15) – RSI(14): 40.61
RSI is weak but not washed out.
Interpretation: there is persistent but orderly selling. No capitulation is visible, which means the short-term downtrend can continue without an obvious need for an immediate snapback.
Price is trading between the middle and lower band, leaning to the downside.
Interpretation: the micro structure favors sellers but without extreme volatility. A drift toward $2,043 is quite plausible in the short term. A reclaim of $2,066 or higher would indicate buyers are starting to challenge that pressure.
ATR (M15) – ATR(14): $9.39
Each 15-minute bar is swinging roughly $8–10.
Interpretation: scalpers need to factor in that local moves of $10–15 in minutes are entirely normal in this tape.
Interpretation: ultra-short term, ETH is fluctuating around micro fair value, but with the trend, EMAs, and momentum pointing lower, the path of least resistance is still down unless buyers step in decisively above $2,057.
Cross-Timeframe Picture: Where the Signals Agree and Conflict – Daily: neutral with a slight bullish tilt in momentum (MACD improving, RSI mid range, price above 20-day EMA).
– H1 and M15: short-term bearish (price below key EMAs, weak RSI, negative MACD, leaning on lower bands).
There is a clear tension here. The higher timeframe shows a market trying to stabilize after a selloff, while intraday flows are still selling into strength. In practice, that usually means choppy consolidation with downside tests before any sustained recovery.
Moreover, the macro context matters. BTC dominance is near 57%, total crypto cap is down 3.3% on the day, and sentiment is at Extreme Fear. This is a backdrop where rallies in ETH are likely to be sold unless backed by strong volume or a narrative shift. Breakdowns can overshoot support as risk gets de-levered, but also snap back violently once shorts crowd in.
Scenarios for Ethereum Price (ETH) Bullish Scenario For the bulls, the play is a continuation of the mean reversion from the recent lows.
What bulls want to see:
Daily closes above the pivot at $2,061 and more importantly above $2,085 (D1 R1). On H1, price reclaiming and holding above the $2,075–2,080 band (20/50 EMA cluster), turning that zone into support. RSI on H1 pushing back through 50 with MACD crossing upward toward zero. If that sequence plays out, the path opens toward the upper daily Bollinger band near $2,113 as the first logical target, then into the $2,180–2,220 region as the next resistance pocket. A later challenge of the 50-day EMA at $2,278 would be the real test of whether this is just a bounce or the start of a medium-term recovery.
What invalidates the bullish case:
A decisive daily close below $2,000, especially if accompanied by an RSI drop back into the low 40s or below. Price losing the mid Bollinger band on D1 (around $1,983) and starting to hug the lower band toward $1,850 again. That kind of action would indicate the attempted base failed and the downtrend is reasserting itself.
Bearish Scenario Bears are working with the narrative that this is a dead cat bounce in a still damaged market, amplified by risk-off sentiment and BTC dominance.
What bears want to see:
Intraday rejection from the $2,060–2,080 region (H1 EMAs and intraday resistance) with price rolling back over. A break below $2,030 (D1 S1), followed by sustained trading under $2,000. H1 and M15 RSI staying sub 45 while MACD expands further negative, turning the current grind into a more directional leg down. If bears maintain control, the next key area on the daily structure is the lower Bollinger band near $1,852. That is a logical magnet in a renewed risk-off move. If that level fails, the market is back into a true trend continuation phase rather than just a corrective slide.
What invalidates the bearish case:
A strong close above $2,100–2,120 with clear reclaim of the 20- and 50-hour EMAs and hourly RSI comfortably back above 50. Daily MACD accelerating higher toward a bullish cross above the signal, confirming momentum has genuinely flipped. That would indicate that sellers have lost their grip and that the bounce is morphing into a sustained recovery attempt. In that context, the price ethereum path could start to shift back toward a more constructive medium-term structure.
Positioning, Risk, and How to Think About This Tape This is not a clean trending environment for Ethereum. The daily chart is trying to base, but intraday flows are still leaning short. Add in Extreme Fear and a Bitcoin dominated market, and you get a setup where whipsaw risk is high and conviction is low.
For anyone active in this market, the key considerations right now include:
Timeframe discipline: if you are trading the daily mean reversion idea, be prepared to sit through intraday noise and do not overreact to 15-minute moves. If you are scalping, respect that the higher timeframe is not in full breakdown mode, so strong intraday bounces can and will happen. Volatility management: with a daily ATR around $133, sizing needs to account for the fact that a $100 swing is just one day of normal movement, not an outlier. Context awareness: in a risk-off backdrop with BTC dominance rising, ETH can underperform even if it does not collapse. That favors tactical, level by level trading over big, directional bets until the daily trend is clearly re established above the 50-day EMA or breaks down through the lower band. The market is still searching for balance. Until that resolves, expect Ethereum’s price to stay noisy around this $2,000–2,100 band, with both sides at risk of punishment if they become too confident too early.
2026-03-06 13:101mo ago
2026-03-06 07:291mo ago
Dogecoin Price: Bearish Structure Meets Flat Tape as Market Awaits a Break
In a broader risk-off crypto environment, the Dogecoin price is hovering near $0.09 with compressed volatility and a clearly defensive market mood.
DOGE/USDT — daily chart with candlesticks, EMA20/EMA50 and volume. Summary
Daily Bias (D1): Structure Is Still BearishEMAs (Daily)RSI (Daily)MACD (Daily)Bollinger Bands (Daily)ATR (Daily)Pivot Levels (Daily)Macro Context: Risk-Off Mood in CryptoIntraday Context: Flat Tape, No Real Momentum1-Hour Chart (H1)15-Minute Chart (M15) – Execution LensBullish Scenario for Dogecoin PriceBearish Scenario for Dogecoin PricePositioning, Risk, and Uncertainty Daily Bias (D1): Structure Is Still Bearish The main scenario on the daily timeframe is bearish. Price is trading at $0.09, below all key moving averages and under the mid-range of recent trading.
EMAs (Daily) Levels: close $0.09, EMA 20 at $0.10, EMA 50 at $0.11, EMA 200 at $0.15.
The entire EMA stack is above price and properly aligned in a downtrend (20 < 50 < 200), with DOGE sitting under the shortest EMA. That is a textbook downtrend structure. Moreover, rallies back toward $0.10–0.11 are, by default, bounces inside a broader decline until proven otherwise.
RSI (Daily) Value: RSI 14 at 44.6.
RSI is slightly below the midpoint but not oversold. Sellers have the upper hand, but there is no capitulation. This is the kind of reading you often see in slow, grinding downtrends or in consolidation after a selloff, rather than a panic bottom or a euphoric top.
MACD (Daily) Values: MACD line ≈ 0, signal ≈ 0, histogram ≈ 0.
MACD is essentially flatlined. Momentum has faded to neutral after prior downside, and there is no strong push either way. That fits a market that is pausing rather than trending aggressively right now, even if the larger structure still leans bearish.
Bollinger Bands (Daily) Levels: mid-band $0.10, upper band $0.10, lower band $0.09.
The bands have collapsed onto price, with barely any spread between upper and lower bands. Volatility is extremely compressed. When Bollinger Bands squeeze like this, it usually precedes a sharp move; what is unclear is direction. Given the prevailing downtrend, the path of least resistance is a downside expansion unless buyers step in quickly.
ATR (Daily) Value: ATR 14 at $0.01.
With price at $0.09, an ATR of about $0.01 points to modest average daily swings. Combined with the tight Bollinger Bands, it underlines that DOGE is in a low-volatility regime. Quiet tapes can lull traders into complacency. However, they are often the calm before a volatility shock.
The fact that the main pivot and the nearest support and resistance levels all cluster at $0.09 shows how compressed the trading range currently is. The market has not been willing to push away from this level in either direction yet. This reinforces the idea of stasis before a break.
Macro Context: Risk-Off Mood in Crypto This moment matters because broader crypto is under pressure. Total market cap is down about 3.3% over 24 hours, Bitcoin dominance is high near 57%, and the Fear & Greed Index sits in Extreme Fear at 18. In that kind of macro, speculative names like DOGE typically struggle to sustain rallies unless a very strong narrative kicks in.
Right now, the chart shows more of a defensive, wait-and-see posture than an accumulation pattern. Moreover, traders appear reluctant to deploy fresh risk into meme coins when liquidity is already tilting toward Bitcoin and large caps.
Intraday Context: Flat Tape, No Real Momentum 1-Hour Chart (H1) Price & EMAs: close $0.09, EMA 20/50/200 all at $0.09, regime marked as neutral.
On the 1H chart, price is glued to all three EMAs, reflecting a lack of trend at the intraday level. This is typical of a range or a market waiting on new information. The hourly picture does not contradict the daily downtrend. Instead, it says the current leg is in a holding pattern rather than actively selling off.
RSI 14 (H1): 44.4. Hourly RSI tracks the daily: slightly below 50, giving a mild bearish tilt but no strong momentum. Sellers are comfortable, but they are not in a rush.
MACD (H1): flat at 0. Momentum on the hourly is dead. Consequently, short-term traders are not pressing directional bets.
Bollinger Bands (H1): mid $0.09, upper $0.09, lower $0.09, with ATR 14 at effectively 0. This shows an almost complete intraday volatility collapse. The tape is as flat as it gets, which usually does not last long in crypto.
Overall, the 1H timeframe is neutral and coiled. It neither confirms a new leg down nor supports a fresh bullish impulse yet. However, it clearly reflects indecision under a bearish daily umbrella.
15-Minute Chart (M15) – Execution Lens Price & EMAs: close $0.09, EMA 20/50/200 all at $0.09, regime neutral.
Short-term structure is the same story: price stuck on top of the EMAs with no slope. This is micro-range behavior, more relevant to scalpers than to directional traders.
RSI 14 (M15): 49.9, essentially neutral. On the very short timeframe, neither buyers nor sellers are in control.
MACD & Bollinger Bands (M15): MACD at 0, bands compressed around $0.09, ATR near 0. Execution-wise, this is a market where stops can cluster tightly around the same price zone. When price finally breaks one way, a cascade of stop orders could fuel the move.
Bullish Scenario for Dogecoin Price A constructive upside path starts from the daily downtrend easing and volatility breaking upward instead of down.
What a bullish rotation would look like:
Price pushes and closes back above the daily EMA 20 around $0.10, then starts using that zone as support instead of resistance. Daily RSI climbs decisively above 50, showing that buying pressure is finally overtaking the slow grind lower. MACD on the daily timeframe turns positive, with the histogram printing sustained green bars as momentum flips to the upside. Bollinger Bands expand with price riding or tagging the upper band near and above $0.10–0.11, signaling that volatility is returning in favor of buyers, not sellers. If those conditions develop, an immediate upside reference is the $0.10–0.11 pocket (the 20 and 50-day EMAs). Clearing that area on strong volume would open the door to a more ambitious move toward the $0.15 region (the 200-day EMA), where the higher-timeframe trend would be seriously challenged.
What would invalidate the bullish scenario?
If, instead of reclaiming $0.10, DOGE breaks down from $0.09 with expanding ATR and widening Bollinger Bands to the downside, while daily RSI slips into the low 40s or 30s, the bullish rotation case is off the table in the short to medium term. That would confirm that the band squeeze resolved in line with the existing downtrend, not against it.
Bearish Scenario for Dogecoin Price The bearish case is better aligned with the current daily structure: price below all EMAs, a bearish regime, and a fearful broader market.
How a downside break could unfold:
DOGE loses the $0.09 pivot with conviction, moving away from the flat cluster of intraday EMAs and printing lower lows on the H1 chart. Daily Bollinger Bands start to widen to the downside, with price hugging or riding the lower band below $0.09. Daily RSI rolls down from 44 toward oversold territory, showing renewed selling pressure rather than mere drift. MACD flips clearly negative on the daily, confirming a fresh downside impulse rather than sideways chop. In that scenario, the market would be pricing in further risk-off behavior across crypto, with meme coins like DOGE bearing the brunt. With ATR already relatively low, a downside expansion could feel sharp in percentage terms once volatility kicks back in.
What would invalidate the bearish scenario?
The bearish view starts to crack if DOGE can reclaim and hold above the daily EMA 20 (~$0.10) on several daily closes, turning that level into a base instead of a ceiling. A rising RSI above 50 and a flattening 50-day EMA would further undermine the downtrend narrative. If price then starts consolidating above $0.11 instead of getting sold there, the bears have lost the initiative.
Positioning, Risk, and Uncertainty Right now, Dogecoin is caught between a bearish higher-timeframe structure and an ultra-quiet short-term tape. The daily downtrend says risk is skewed lower, but the intraday squeeze says the next move could be abrupt in either direction once liquidity hits the order book.
For traders, the key is to respect both elements:
The trend (price under all major EMAs, bearish regime on D1) argues against aggressive long exposure until key levels like $0.10–0.11 are reclaimed. The volatility profile (tight Bollinger Bands, low ATR, flat intraday indicators) argues for caution with leverage and tight stops, as a band expansion could quickly invalidate nearby levels. Uncertainty is high precisely because the indicators show agreement on one thing only: the market is coiled. Whether the Dogecoin price resolves this squeeze upward into a trend change or downward into continuation will likely be decided around the $0.09–$0.10 band. Until that range breaks with conviction, DOGE remains a low-volatility asset embedded in a broader bearish context.
Lorenzo Marcek
Lorenzo Marcek is a financial journalist and senior crypto markets analyst known for his clear, data-driven approach to digital asset reporting. With a background in economics and more than a decade covering global markets, he specializes in on-chain metrics, institutional adoption trends, and macro-driven crypto movements. His work blends investigative journalism with technical market insight, making him a trusted voice for traders seeking grounded, actionable analysis.
2026-03-06 13:101mo ago
2026-03-06 07:291mo ago
Bitcoin Slips Back To $70,000 As Ethereum, XRP, Dogecoin Dump On ETF Outflows
Bitcoin fell towards $70,000 as institutional outflows stopped the relief rally dead in its tracks. Bitcoin ETFs saw $227.8 million in net outflows on Thursday, while Ethereum ETFs reported $90.9 million in net outflows.
2026-03-06 13:101mo ago
2026-03-06 07:301mo ago
Bitcoin Generational Buying Opportunity: The Most Bullish Time To Get In
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure
The Bitcoin price has been trending sideways for a few weeks now, with no clear direction of where the digital asset might be headed next. During this time, there have been some buyers, but mostly, the demand has been overwhelmed by the supply. As the scramble continues to tell where the bottom might be, crypto analyst Crypto Patel has also thrown their hat in the ring, suggesting when might be the ideal time to get into Bitcoin for the most returns.
If Bitcoin Falls Below This Point, Its A Generational Opportunity The analysis shared on the X (formerly Twitter) platform points to the Bitcoin price not actually hitting a bottom yet. After the recovery above $71,000, expectations were that the bear market was finally coming to an end. However, some, like Crypto Patel, see it going further down.
Instead of going up completely, the crypto analyst expects that the Bitcoin price will actually fall from any recovery. But instead of stopping at $60,000 like the previous declines, Patel predicts that Bitcoin will eventually break below the support that has been building up at $60,000.
The analysis points to an initial break into the $50,000 territory for a start. However, that is not the end, as breaking below $50,000 remains on the table. This would suggest an adherence to previous bear market cycles, where the Bitcoin price has fallen more than 60%.
Source: X Despite this being bearish, especially in the short term, the crypto analyst suggests that this might be a blessing in disguise. According to the post, if the BTC price were to break this low, then it would be the perfect time to buy. Due to this, the analyst calls it a “generational buying opportunity.”
Nevertheless, Crypto Patel continues to preach on the bullishness of Bitcoin, asking investors to “zoom out” instead of panicking. As the analyst explains, investors will only lose out if they allow emotions to actually dictate their actions from here.
As for the timeframe for this analysis, the analyst shares a 3-6 months window for it to play out. “Save this post. Come back in 30-120 days,” the post read.
BTC still maintaining hold on $70,000 | Source: BTCUSD on Tradingview.com Featured image created with Dall.E, chart from Tradingview.com
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Scott Matherson is a leading crypto writer at Bitcoinist, who possesses a sharp analytical mind and a deep understanding of the digital currency landscape. Scott has earned a reputation for delivering thought-provoking and well-researched articles that resonate with both newcomers and seasoned crypto enthusiasts. Outside of his writing, Scott is passionate about promoting crypto literacy and often works to educate the public on the potential of blockchain.
2026-03-06 13:101mo ago
2026-03-06 07:301mo ago
Bitcoin Rally May Be Setting Up A Macro Lower High, Analyst Says
Bitcoin’s latest rally has injected fresh optimism into the market, but the analyst believes the move may be setting the stage for a critical turning point rather than the start of a sustained uptrend. After weeks of volatility and uneven momentum, BTC has climbed toward key resistance levels, prompting debate over whether the current surge reflects strength or a temporary rebound within a broader market structure.
Is Bitcoin Repeating A Classic Market Structure Pattern? The reason Bitcoin is simply rallying at the current range is to set what is likely the macro lower high. Crypto analyst Ardi pointed out on X that this area was the longest consolidation range of the entire 2021-2025 bull run, which lasted roughly 259 days between March and November 2024. During that extended sideways phase, more value was transacted, more positions were built, and more liquidity was exchanged in that range than at any other level on the chart over the four-year cycle.
When the price pulls back into a zone with that kind of history where months of market participants have occurred, reactions are rarely insignificant. The liquidity created during nearly nine months of accumulation does not simply disappear once the market moves higher. Instead, all the liquidity is sitting in that area.
Source: Chart from Ardi on X From a structural perspective, Ardi argues that this region was always the most logical destination for a macro pullback, followed by a short-term rally. This zone is where the market built its foundation for BTC to surge toward the $126,000 region, marking it a key technical level that the market would not easily break through on its first attempt.
How Consolidation Could Prepare The Next Expansion The market may be misreading the current setup of Bitcoin, and many traders expect price action to follow a pattern similar to the 2022 downturn. Analyst Bobby A has highlighted that the true “pain trade” could unfold in the opposite direction. Instead of dropping lower, BTC could stage a strong leg upward and quickly push the price back toward the low six-figure region. Such a move would leave a large portion of the market sidelined and waiting for lower prices that will never arrive.
Bobby A suggested that from the surge, BTC could transition into a multi-month consolidation phase, ranging between $80,000 and $100,000. This kind of sideways structure would allow momentum to reset while sentiment remains divided.
However, by the time the consolidation range matures, many traders might once again position themselves for a major breakdown below the January lows, which may ultimately never materialize. Regardless of how the path unfolds, there is a strong possibility that BTC’s next upward move may have already begun.
BTC trading at $70,424 on the 1D chart | Source: BTCUSDT on Tradingview.com Featured image from Pixabay, chart from Tradingview.com
2026-03-06 13:101mo ago
2026-03-06 07:301mo ago
Momentum Fades As Bitcoin price Holds $70K: Multi‑Timeframe Outlook On BTC
Markets are digesting a sharp recent spike, with Bitcoin price hovering near key psychological levels while traders reassess risk and positioning.
BTC/USDT — daily chart with candlesticks, EMA20/EMA50 and volume. Summary
Bitcoin price at a crossroads: digestion after the spikeDaily chart (D1): structure still constructive, but no clean trend1-hour chart (H1): momentum cooling, early mean reversion tone15-minute chart (M15): execution context, short-term pressureSentiment, market context, and positioningBullish scenario for Bitcoin priceBearish scenario for Bitcoin priceHow to think about positioning from here Bitcoin price at a crossroads: digestion after the spike Bitcoin price is hovering around $70,000 after an 8% upside burst above $73,000 and a subsequent pullback. The broader crypto market cap is down about 3.4% over 24 hours, BTC dominance is high at ~57%, and sentiment has flipped to Extreme Fear (18) even though price is still near the highs.
That mix – elevated price, fearful sentiment, and softening momentum – shows where we really are: not in full risk-on euphoria, but in a nervous consolidation where traders are questioning whether the latest push above $70K was sustainable.
Options desks, according to recent Bloomberg coverage, remain cautious despite the rebound toward $74K. Moreover, the dominant force right now is positioning and risk management rather than aggressive trend-chasing. Bulls are trying to defend the $70K area, but they are no longer in full control on intraday timeframes.
My base case from the daily chart is a neutral-to-slightly-bullish consolidation: BTC is holding above key medium-term support, but shorter-term momentum has rolled over. That keeps both a continuation leg toward the highs and a deeper mean-reversion pullback firmly on the table.
Daily chart (D1): structure still constructive, but no clean trend Bias from D1: Neutral with mild bullish tilt
Price vs EMAs
– Daily close: $70,119.89
– EMA 20: $69,148
– EMA 50: $74,147.66
– EMA 200: $90,428.94
Price is trading above the 20-day EMA but below the 50-day EMA, with the 200-day way above current levels, likely reflecting prior extreme highs.
What this implies: Short-term trend support holds above the 20-day, but the medium-term trendline, the 50-day, is still acting as resistance overhead. That is a textbook consolidation after a sharp move: the market is no longer in a clean uptrend, but it has not broken down either. Bulls can claim control as long as BTC holds above the 20-day EMA; bears only start to build a real case on a sustained break below that.
RSI (14-day): 50.04
RSI is almost pinned at 50, the pure middle of the range.
What this implies: There is no directional momentum edge on the daily chart. The market is neither overbought nor oversold; it is in balance. That supports the idea that we are in a digestion phase where the next leg will be driven more by break levels than by stretched conditions.
The MACD line is below zero but has crossed above the signal line, giving a positive histogram.
What this implies: Medium-term momentum has turned up from a weak patch, but from below the zero line. In practice, that is a recovery inside a consolidation, not a roaring uptrend signal. It tells you downside momentum is fading, but buyers have not yet flipped the larger structure into clear trend mode.
BTC is trading above the middle band but below the upper band.
What this implies: Price is sitting in the upper half of the recent volatility envelope but not pressing the extremes. The prior expansion has cooled; we are not in a fresh squeeze or breakout right now. It is consistent with a range or slow grind higher rather than a blow-off or a collapse.
ATR (14-day): 3,376.37
ATR is elevated, roughly 4.8% of current price.
What this implies: Daily ranges remain wide. Position sizing matters here, since a normal day can easily swing $3–4K. Any breakout, up or down, through key levels is likely to be fast and volatile, not a gentle drift.
Price at about $70,120 is slightly below the daily pivot, and still above S1.
What this implies: Intraday, the market is leaning a bit to the cautious side below PP, but it has not pushed into downside extension below S1. Day traders will watch $70,450 as the intraday line in the sand: above it, bull side scalps are favoured; below it, rallies may be sold.
1-hour chart (H1): momentum cooling, early mean reversion tone Bias from H1: Short-term bearish / corrective
Price vs EMAs
– H1 close: $70,100.01
– EMA 20: $70,901.07
– EMA 50: $70,979.86
– EMA 200: $68,994.29
Price is below both the 20-hour and 50-hour EMAs, but still above the 200-hour EMA.
What this implies: Intraday momentum has shifted against the bulls: the recent jump is being unwound. However, the broader hourly trend, anchored by the 200-hour, is still intact. This is what a pullback inside an up-biased structure looks like. If price starts living below the 200-hour, the tone shifts from healthy correction to possible trend break.
RSI (14-hour): 35.78
RSI is in the low-to-mid 30s, but not at extreme oversold.
What this implies: Selling pressure dominates on the intraday timeframe, but it is not at panic levels. There is room for one more push lower before dip-buyers are naturally attracted, or for a quick relief bounce if shorts get crowded.
Both lines are below zero, with the MACD line under the signal, giving a negative histogram.
What this implies: Short-term momentum is bearish. The push off the highs has real follow-through on the hourly chart. It is not yet showing a clean bullish cross or positive divergence, so timing a reversal here is early.
What this implies: Intraday, BTC is hugging or even slipping under the lower band, which often coincides with a short-term overshoot to the downside. It does not guarantee a bounce, but it shows the current selling leg is stretched relative to recent hourly volatility. Chasing fresh shorts down here carries more whipsaw risk.
ATR (14-hour): 512.14
What this implies: Normal hourly swings of about $500 are on the table. For intraday traders, that is meaningful: stops placed too tight relative to this volatility are likely to get triggered by noise.
Price at around $70,100 is just above the hourly pivot, between PP and R1.
What this implies: The market is trying to stabilise around a fair-value zone on the hourly chart. Below $69,850–$69,900, the sellers regain the upper hand. Reclaiming and holding above $70,300–$70,400 intraday would be an early sign that the pullback is fading.
Price vs EMAs
– M15 close: $70,111.54
– EMA 20: $70,492.09
– EMA 50: $70,742.81
– EMA 200: $70,945.21
Price is trading below all three intraday EMAs.
What this implies: Very short-term structure is heavy. Rallies into the 20/50 EMA band on the 15-minute chart are likely to attract sellers unless we see a decisive reclaim.
RSI (14, M15): 36.98
What this implies: Short-term RSI is weak but not capitulated, echoing the H1 picture: this is more of an orderly unwind than a panic flush.
What this implies: Momentum on the execution timeframe is still pointing down. There is no clear intrabar reversal signature yet; scalpers are leaning short into bounces.
What this implies: Similar to the hourly picture, the current leg is stretched at the very short-term level but not breaking down into a trend cascade. Traders can expect choppy price action around the band edge, where fake breakdowns and sharp snaps back are common.
ATR (14, M15): 229.12
What this implies: A single 15-minute candle can easily cover $200–$250. Intraday entries need breathing room; tiny stops will be noise fodder.
Price at about $70,112 is just above PP on this micro-timeframe.
What this implies: Micro-flow is neutral-to-slight-positive right now, but any slip under $69,950–$70,000 will quickly put pressure back on intraday longs.
Sentiment, market context, and positioning – Fear & Greed Index: 18 (Extreme Fear)
– Total crypto market cap: about $2.46T, down roughly 3.36% in 24 hours
– BTC dominance: about 56.9%
The key disconnect is clear: price is relatively high, but sentiment is extremely fearful. That is usually not what you see at macro tops, which are often characterised by greed, FOMO, and stretched leverage. Instead, this looks more like a late shakeout than euphoria.
In practice, we are probably seeing late longs shaken out by volatility, options traders hedging aggressively after the spike to $74K, and a flight to BTC within crypto, with high dominance, while the broader alt market stays fragile.
For directional traders, that combination tends to favour a buy-the-dip bias on higher timeframes, provided structural support zones hold and volatility does not trigger forced liquidations at key levels.
Bullish scenario for Bitcoin price Thesis: The current pullback is a controlled, sentiment-driven shakeout that resets intraday indicators while the daily structure quietly prepares for another leg higher in Bitcoin price.
Technical backing:
D1 price holding above the 20-day EMA (about $69,150) with RSI around 50 and a positive MACD histogram argues against an immediate larger breakdown. BTC is trading in the upper half of the daily Bollinger Band range and above the daily mid-band, around $67,800, consistent with consolidation near the top of the range, not a rejection from it. Intraday H1 and M15 are weak but not broken: price is still above the 200-hour EMA (around $69,000), framing this move as a pullback rather than a structural trend reversal. Extreme Fear at these price levels hints at under-positioned bulls and room for a squeeze if resistance starts giving way. What bulls need to see next:
Hold the $69,000–$69,500 support zone, near daily S1 and above the 200-hour EMA. Wicks below are fine; sustained closes below are not. On intraday charts, reclaim and hold above $70,800–$71,000, which is the H1 middle band and EMA cluster, near daily R1, to flip the short-term momentum back up. A daily close back above the 50-day EMA, around $74,150, would convert this into a clear continuation pattern and open the door toward the prior highs and potentially new peaks. Upside roadmap if confirmed:
First target: $72,000–$72,500, recent congestion and just under the daily upper band. Next: retest and potentially break the recent spike zone around $73,000–$74,000. If momentum and volume expand, extension toward the mid-$70Ks is plausible, but that would require broader risk-on appetite returning, not just a local short squeeze. What invalidates the bullish case?
A daily close below the 20-day EMA, around $69,150, followed by sustained trading under $69,000. H1 price establishing acceptance under the 200-hour EMA, near $69,000, with RSI remaining heavy, flipping the intraday structure from pullback to downtrend. In that scenario, the bias shifts from buy the dip to respecting the risk of a deeper correction. Bearish scenario for Bitcoin price Thesis: The bounce to $73K–$74K was a distribution rally in a weakening macro crypto environment; BTC is now rolling over, with intraday weakness as the first sign of a larger mean-reversion move.
Technical backing:
D1 shows price below the 50-day EMA, around $74,150, which can act as a medium-term ceiling if bulls fail to reclaim it. The hourly and 15-minute charts show a coherent bearish structure: price below the 20 and 50 EMAs, negative MACD, soft RSI, and price flirting with or under the lower Bollinger Bands. Total crypto market cap is down over 3%, with volumes roughly one-third lower over 24 hours, a classic risk-off cool-down that can morph into a broader de-risking if support breaks. What bears need to see next:
Clean break below $69,000, turning the 200-hour EMA from support into resistance. Follow-through toward the daily mid-Bollinger, around $67,800. A firm daily close under this level would show that the range has tilted downward. If selling accelerates, watch for a test of the $65,000–$66,000 area, where prior demand likely sits and where the lower daily band, near $63,800, starts to come into play. Downside roadmap if confirmed:
Initial support: $69,000–$69,500. Next pocket: $67,500–$68,000, daily mid-band and local structure. Deeper correction zone: $64,000–$66,000, in line with the lower portion of the daily volatility envelope. What invalidates the bearish case?
A strong reclaim of $71,000+ on H1 with MACD crossing back up and RSI recovering toward 55–60. A daily close back above the 50-day EMA, near $74,150, turning what looked like distribution into a successful breakout retest. In that situation, shorts caught leaning into the pullback would be fuel for a squeeze higher. How to think about positioning from here The daily chart says range with a slight bullish bias; the hourly and 15-minute charts say short-term correction in progress. Those are not contradictory views, they are two layers of the same story.
If you trade higher timeframes, the key battleground is $69,000–$69,500. As long as BTC holds that zone on a closing basis, the structural bull case remains alive, and pullbacks are simply the cost of staying in the trend.
If you trade intraday, the immediate game is about whether BTC can reclaim the $70,800–$71,000 region or whether rallies into that band keep getting sold. Expect whippy behaviour near $70K given the elevated ATR on all timeframes and the fragile sentiment backdrop.
Volatility is high, sentiment is fearful, and the market is sitting right on a psychologically loaded level at $70K. That is exactly where over-sized, over-levered positions tend to get punished and where risk management matters most.
In this environment, the edge does not come from guessing whether the next $5K move is up or down, but from respecting the big levels that matter, aligning trades with the timeframe you actually manage, and allowing for the kind of intraday swings that the current ATR numbers make very likely.
BTC is not in a clean, one-sided trend right now. It is in a tug of war between macro bulls holding higher-timeframe support and short-term traders leaning into the pullback. The resolution of that fight around $69K–$71K will set the tone for the next major move in Bitcoin price.
2026-03-06 13:101mo ago
2026-03-06 07:461mo ago
Bitcoin faces renewed ETF outflows amid war-driven volatility as price slips back below $70,000
Bitcoin’s recent rally was powered by stronger spot demand and more than $1.1 billion in exchange-traded fund inflows over three sessions, but renewed outflows on Thursday and a cautious macro backdrop suggest the market is not out of danger yet, as the price of the foremost cryptocurrency slips back below $70,000.
Analysts from Bitfinex said in a March 5 market note that spot market strength has improved materially since the weekend escalation in the Iran conflict, with aggressive buying across exchanges helping bitcoin reclaim key levels.
The exchange said roughly $3.5 billion has been market-bought in a "systemic manner" since March 1, while the Coinbase premium turned positive after a 40-day stretch in negative territory, signaling renewed U.S.-side demand.
Flows reverse That spot-led bid coincided with a reversal in ETF flows after a three-day inflow streak. U.S. spot bitcoin ETFs took in $458.2 million on March 2, $225.2 million on March 3, and $461.9 million on March 4, extending the rebound that The Block covered earlier this week.
However, that run broke on March 5, when the group posted $227.9 million of net outflows. BlackRock’s IBIT led inflows on each of the first three sessions before turning negative on the fourth, per SoSoValue data.
The return to withdrawals left the complex with just over $1 billion of net inflows over the March 2-4 stretch, before part of the move was given back.
More importantly, the reversal was large enough for Bitfinex to argue that institutional buyers were beginning to absorb distribution pressure from miners and older holders, though it stopped short of calling the move a clean trend change.
Binance Research struck a similarly balanced tone in a weekly report shared with The Block. The firm said bitcoin’s plunge to about $63,000 during the initial geopolitical shock, followed by a rapid rebound above $70,000, suggested the market was "watchful, not panicked."
Analysts from Binance added that market sentiment was still in "Extreme Fear" throughout February, funding rates had fallen to their lowest levels since 2023, and long-term holder selling pressure appeared to be fading as spot ETFs recorded their first positive weekly flow since mid-January.
Beyond risk asset tag The current market state has encouraged some analysts to look beyond the usual "risk asset" label as well.
Matt Mena, crypto research strategist at 21Shares, said bitcoin’s strength during the current crisis has revived the idea of BTC as a "flight-to-safety" or "gold beta" trade, especially after gold surged first and bitcoin lagged. Mena’s insight echoed thoughts shared by Coin Bureau co-founder Nic Puckrin earlier this week.
He also said spot ETF holders have remained relatively sticky through the recent drawdown, with only modest reductions in total holdings.
Some other experts, however, maintained a more skeptical view. Nicolai Sondergaard, research analyst at Nansen, said bitcoin has spent weeks ranging between roughly $60,000 and $71,000 and still needs to hold a clean break above the top of that band before the market can treat the move as something more durable.
Nansen’s analysts said there’s evidence of selective positioning rather than broad-based buying, with institutions still favoring stablecoins and yield strategies over outright directional risk.
Bitcoin and oil QCP Capital also urged caution, arguing that geopolitics may be driving headlines, but oil is still driving markets. The firm stated that bitcoin first held firm before breaking higher on strong ETF inflows and a jump in open interest, only to surrender part of those gains as broader macro volatility returned.
According to the firm, the key question is whether energy prices stay elevated enough to keep yields heavy and cap a more sustained beta rally.
The tension is becoming clearer in cross-asset pricing. Binance Research said bitcoin’s relationship with crude appears inconsistent and regime-dependent rather than stable, warning investors not to treat the asset as a simple hedge against oil shocks.
Binance researchers also opined that markets are still balancing three unresolved themes at once: geopolitical escalation, AI-related pressure on software margins, and broader fragility in private credit.
Bitcoin correlation with crude oil | Image: Binance Bottom line For now, bitcoin’s rebound looks healthier than many earlier rallies because leverage has not yet fully overheated.
Bitfinex said open interest has risen broadly in line with spot, while perpetual funding remains moderate rather than euphoric. Still, the exchange also flagged a dense long-liquidation zone near $70,500 and said leveraged positions have rebuilt enough that a sharp downdraft could still test support closer to $66,000.
A possible retest keeps the market in a delicate middle ground: stronger spot absorption, firmer institutional engagement, and fading long-term holder distribution on one side, versus renewed ETF outflows, oil-led macro pressure, and lingering event risk on the other.
The latest bounce may be telling investors that buyers are returning. But as CryptoQuant argued in a separate note this week, it may still be safer to read the move as a relief rally until the market proves it can sustain demand through the next round of payrolls, inflation data, and geopolitical headlines.
Bitcoin changed hands around $70,000, down over 4% in the last 24 hours, The Block's price page shows. Ethereum and major altcoins followed with similar declines as markets head into another weekend.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
In brief Spot Bitcoin ETFs shed $227.9 million on March 5, the largest single-day exit since February 12. Glassnode's 14-day netflow trend has turned higher, signaling easing distribution pressure. Experts are split on the short-term outlook, but remain confident about institutional re-accumulation signs and longer-term forecasts. Bitcoin ETFs logged their worst day in three weeks on March 5, shedding $227.9 million in outflows. A closer look under the surface shows longer-term flow trends are stabilizing, with experts debating whether institutions are quietly positioning for the next leg up.
Thursday’s outflows marked the largest single-day exit since February 12's $410 million bleed, according to Farside Investors data.
After a sustained uptrend this week, Bitcoin has pulled back to under $70,000, dipping by 4.3% in the past 24 hours and retreating from its March 5 high of $72,993, according to CoinGecko data.
Despite the leading crypto’s retracement and ETF outflows, the 14-day Bitcoin spot ETF netflow trend, which smooths out daily volatility, has turned higher, according to a Thursday Telegram post by crypto analytics firm Glassnode.
The 30-day ETF position change has stabilized around 23,943 after improving from -35,000 on February 1, signaling “easing distribution pressure,” Glassnode analysts noted.
Institutional re-accumulationThe divergence between short-term pain and improving medium-term signals tests whether ETF flows remain the primary driver of price, or if other forces like on-chain accumulation and geopolitical hedging are gaining influence.
Multi-day signals should be trusted over single-day blips, Andri Fauzan Adziima, research lead at Bitrue, told Decrypt. “The shift from deeply negative to mildly positive and stabilizing territory signals early institutional re-accumulation, with outflows decelerating sharply and recent multi-day inflows supporting renewed demand rather than a mere pause.”
Justin d'Anethan, head of research at Arctic Digital, echoed with Adziima.
“Single-day outflows might be worth looking at but rarely tell the whole story,” d'Anethan told Decrypt, explaining that the weekly outflow trend has slowed down and “potentially reversed,” suggesting that mid-$60,000 “might have been a decent entry point,” at least for now.
The 30-day ETF position suggests “early signs of institutional re-accumulation rather than merely a temporary pause,” Nick Ruck, director of LVRG Research, told Decrypt. That uptick in the metric reflects growing long-term conviction among larger players as broader market conditions improve, he said.
Ruck tempered his outlook, adding that “the market outlook isn't fully revealed by ETFs alone.” Other key factors, such as on-chain activity, geopolitical hedging demand, and broader institutional positioning, are also playing larger roles, he said.
Other experts had a similar opinion, suggesting that macro headlines continue to influence crypto prices in the near term.
From a long-term perspective, however, analysts said that $60,000 is a good starting point for accumulation.
“It's a long game with Bitcoin,” Aleksandr Nechaev, partner at venture capital fund Funders VC, told Decrypt, suggesting that investors should set aside capital for “averaging down,” should the markets slide lower.
Users on prediction market Myriad, owned by Decrypt's parent company Dastan, are almost evenly split on whether Bitcoin's next major move will take it to either $84,000 or $55,000.
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Macroeconomist Lyn Alden believes Bitcoin may outperform gold over the next two to three years as market sentiment becomes increasingly optimistic toward the precious metal.
Speaking on the New Era Finance podcast, Alden said that while gold has recently benefited from strong investor demand, sentiment toward Bitcoin may now be overly pessimistic.
She noted that if she had to choose between the two assets for the next few years, she would favor Bitcoin.
According to Alden, Bitcoin and gold have historically taken turns leading market performance. During certain periods, gold outperforms while Bitcoin lags, and in other phases the relationship reverses.
She believes the current cycle could eventually shift back in Bitcoin’s favor.
Gold Sentiment Turns Euphoric While Bitcoin Faces FearGold recently reached a new all-time high near $5,608 per ounce. Alden does not view the rally as a speculative bubble, but she acknowledges that investor sentiment toward the metal has become increasingly optimistic.
XAU/USD Forex Pair. Source: CoinCodexThe JM Bullion Fear and Greed Index for gold showed a “Greed” reading of 72 out of 100 on January 27, indicating strong bullish sentiment among investors.
Crypto Market Sentiment Tells a Different StoryIn contrast, sentiment in the cryptocurrency market appears far more cautious.
The Crypto Fear and Greed Index recorded an “Extreme Fear” reading of 18 out of 100 on the same day. Bitcoin has also been trading about 44% below its October all-time high of $126,000.
Alden believes the market may currently be undervaluing Bitcoin due to overly negative sentiment.
Debate Continues Over Bitcoin and Gold NarrativeBitcoin and gold are often viewed as alternatives to fiat currencies, but their price movements are not always closely correlated. At times they rise together, while in other periods they diverge significantly.
Alden cautions against assuming a fixed relationship between the two assets, noting that both markets are influenced by different macroeconomic forces.
Her perspective differs from that of billionaire investor Ray Dalio, who has expressed skepticism about Bitcoin as a long-term store of value. Dalio has pointed to concerns including the lack of central bank backing and questions around privacy and technological risks.
Dalio continues to view gold as one of the most established forms of money and one of the largest reserve assets held by central banks worldwide.
However, Alden’s outlook reflects a broader view of market cycles. After gold’s strong performance this year and the extremely pessimistic sentiment surrounding Bitcoin, she believes the balance between the two assets could shift again in the coming years.
Whether that shift occurs will depend on how both markets perform in the next phase of the global financial cycle.
2026-03-06 13:101mo ago
2026-03-06 07:581mo ago
XRP Has Chance to Break $1.45 Resistance, Peter Brandt Predicts Bitcoin May Not Rally Until After September, +844 Billion SHIB: Shiba Inu Hits 2026 High in Exchange Inflow: Morning Crypto Report
Cover image via youtu.be Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
TL;DR
XRP pivot point: XRP is battling the $1.404 resistance; a weekly close above this level could ignite a rally to $1.50.BTC's long road: Veteran trader Peter Brandt predicts Bitcoin will continue bottoming out, with no major recovery expected until after September 2026.SHIB sell alert: A massive 844 billion SHIB inflow to exchanges suggests holders are preparing for the sell-off of the year.XRP may be 1% short of weekend breakout: Bollinger BandsThe first week of March is coming to an end, and today’s Friday session on the crypto market is more important than ever. Today’s report opens with a price analysis of XRP, but not just a simple overview — rather, an analysis using the Bollinger Bands on TradingView.
Right now, this tool describes what is happening on the XRP price chart more clearly than most indicators. After the turbulent developments in the middle of the week, this Friday XRP, unfortunately for bulls, is trading below the middle Bollinger Band on the daily chart, which in the medium term tells us about the weakness of buyers and suggests that the rally we saw on Wednesday and Thursday may not be sustainable.
HOT Stories
XRP/USD Daily Chart with Bollinger Bands, Source: TradingViewOn the positive side, XRP is separated from a return into the bulls' range by just a little over 1%. Considering that the middle Bollinger Band, represented by the 20-day moving average, is currently located around the $1.404 mark while the XRP price is trading near $1.40 per token, the key question now is whether XRP will manage by the end of the week to push the price back into the upper range.
If this happens and XRP manages to close the week above the middle band on the daily time frame, then in the coming days, there are all the chances for the XRP rally to continue up to $1.50 per token, which would correspond to the upper boundary of the Bollinger Bands range.
Peter Brandt updates Bitcoin outlook with September angleThe next story comes from well-known market veteran and analyst Peter Brandt, who updated his outlook on the leading cryptocurrency, Bitcoin, with an important remark that a potential recovery of the price of BTC may still be possible in 2026, but most likely after September.
The logic behind this outlook is that after a series of accumulation phases that continued from September 2025 to March of this year, Bitcoin fell each time into a lower range, and there are still no clear signs of this trend changing.
After Sept
I will narrow it down to a day later on
— Peter Brandt (@PeterLBrandt) March 6, 2026 According to Brandt, since the change in price behavior that began back in October, the signals indicate that until summer and stretching into September, Bitcoin may continue forming a broader market bottom. Only after September could a recovery occur and a transition into a new bullish trend begin.
Shiba Inu sees 844 billion SHIB exchange influx, sets 2026 recordFinally, the closing story of today’s report concerns popular meme token Shiba Inu, namely, the fact that yesterday inflows of SHIB to centralized exchanges broke all records seen since the start of 2026 and reached 844 billion tokens, according to Arkham.
On-Chain Exchange Flow for Shiba Inu (SHIB), Source: ArkhamThe fact is that more SHIB is currently flowing to exchanges than being withdrawn. Repeated spikes in this metric do not automatically mean a direct bearish scenario, but with a high probability, they signal that large holders as well as retail participants may be sending their tokens to exchanges with the intention of selling.
Crypto market outlook: All eyes on U.S. jobs printAs the weekend approaches, the focus of attention on the crypto market moves toward macro indicators. In particular, today’s U.S. non-farm payrolls and unemployment rate data represent the largest macro catalysts heading into the weekend.
As described earlier, strong jobs data may support a stronger dollar and increase risk pressure on Bitcoin and altcoins. Weak data, on the contrary, may increase expectations of future rate cuts, which is typically bullish for crypto risk assets.
Bottom line, the market is looking toward the Friday U.S. jobs print to set the tone. Any surprising data could drive noticeable swings over the weekend, especially in conditions of lower liquidity that are typical for crypto markets during Saturdays and Sundays.
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2026-03-06 13:101mo ago
2026-03-06 07:581mo ago
Bitcoin Price and Stocks Stabilize as Bond Market Signals Ongoing Macro Risk
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Bitcoin (BTC) and global equity markets have stabilized above key psychological price levels, shaking off an early-week sell-off triggered by geopolitical tensions in the Middle East.
While Bitcoin is trading firmly above $70,000 and the S&P 500 has recovered lost ground, the bond market is signaling that the coast is far from clear.
Yields on U.S. Treasuries have surged for four consecutive days, warning traders that the combination of energy shocks and sticky inflation could keep the Federal Reserve hawkish for longer.
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Bitcoin and Stocks: Reading the Risk-On Signal in the Price ChartsThe price of Bitcoin is around $70,500 as of Friday, marking a resilient 6% rebound for the week. The leading cryptocurrency briefly touched $73,470 on Wednesday, recovering sharply from a slide to near $63,000 over the weekend. That initial drop was driven by a spike in oil prices following reports of blocked transit in the Strait of Hormuz, a move that rattled risk assets globally.
The recovery has been mirrored in the equity markets. S&P 500 futures bounced from a multi-week low of 6,718 to reclaim the 6,840 level, stabilizing after the U.S. pledged naval escorts to secure energy transport routes.
This synchronized price action highlights a rising correlation between crypto and traditional equities. Bitcoin briefly reclaimed $73k despite war chaos, yet its tight coupling with the S&P 500 suggests it remains vulnerable to broad macro sentiment rather than acting as a detached safe haven.
If Bitcoin can maintain support above $72,000, it builds a base to challenge the $74,000 local high. However, if the correlation with equities holds and stocks roll over, the $65,000 level becomes the critical invalidation point for this relief rally.
Bond Yields Flash Warning: Why Traders Can’t Ignore the Macro NoiseWhile equity traders are buying the dip, bond traders are pricing in risk. The yield on the 10-year U.S. Treasury note has climbed from 3.93% to 4.15% in just four days. Bond prices move inversely to yields, and this sharp move suggests capital is demanding a higher premium for inflation risk.
The two-year yield, which is highly sensitive to Fed policy expectations, has jumped to nearly 3.60%. This repricing directly impacts risk appetite; higher yields typically drain liquidity from speculative assets like crypto by offering a more attractive risk-free return.
Fed rate cut hints had previously sent BTC flying past $72k, but the bond market is now effectively taking those chips off the table.
There isn’t enough Bitcoin for everyone.
— Michael Saylor (@saylor) March 5, 2026 Data from CME Fed funds futures confirms the shift in sentiment. Investors now see less than a 50% chance of two rate cuts this year, a steep drop from the nearly 80% probability priced in before the conflict began.
If the 10-year yield breaks above 4.20%, it could exert heavy downward pressure on Bitcoin’s price. If yields stabilize or retreat below 4.00%, it would likely greenlight the next leg up for risk assets.
While some point to recent surges in altcoin ETFs as evidence of persistent institutional appetite, cautious analysts note that oil shock impacts are often delayed. If energy prices bleed into broader inflation data, the Federal Reserve may have to hold rates high, capping the upside for Bitcoin and stocks alike.
The Levels That Change Everything: What Traders Are WatchingTraders are focusing on three critical levels to determine the market’s next direction:
First, watch Bitcoin at $74,000. This is the immediate resistance cap; a daily close above this level would signal that the market has fully absorbed the geopolitical shock.
Second, monitor the 10-Year Treasury Yield at 4.2%. This is the danger zone for risk assets. If yields push through this level, expect algorithmic selling to hit both the S&P 500 and Bitcoin.
Finally, the invalidation level sits around $63,000. If the current stabilization fails, a break below this support would suggest the downtrend is resuming.
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2026-03-06 13:101mo ago
2026-03-06 08:001mo ago
Ethereum price prediction: Should ETH traders eye $1,900 buy zone?
Ethereum [ETH] was trading just above the $2,000 mark at the time of writing. During the market-wide rally over the past few days, Ethereum prices surged as high as $2,200 before pulling back.
Increased demand from U.S.-based investors, reflected in the Coinbase Premium, indicated steady spot buying. A rising liquidity ratio on Binance indicated aggressive repositioning and speculative churn.
A $12.5 million ETH withdrawal by whale wallets signaled conviction from larger market participants. A positive Coinbase Premium while prices hold above key supports would signal that the Ethereum rally was sustainable.
The Ethereum price prediction is bullish for now
Source: ETH/USDT on TradingView
The 1-day structure of ETH was firmly bearish. The $2,143 level was highlighted as the pivotal resistance level. It has been challenged multiple times over the past month, but a daily session close above it has not yet occurred.
Additionally, the OBV maintained its downtrend even as the leading altcoin challenged the $2,143 resistance. Though the RSI was able to climb past neutral 50, the lack of buying pressure might be a setback.
Even so, the Ethereum price prediction is bullish in the short term. This is based on clues from the price action. The first clue is from the bearish swing move from $3,405 to $1,742 in 2026.
Such a strong move will likely see a retracement. On the way down, major imbalances (white box) were left at $2,600 and $2,900. These levels lie close to the swing move’s Fibonacci retracement levels, making them retracement targets.
Can ETH prices rally next week?
Source: ETH/USDT on TradingView
A rally need not commence immediately. The 4-hour chart showed a bullish structure as previous swing highs were breached (orange). The rejection at $2,200 meant that a retracement is expected.
This dip can go as deep as $1,913. Traders should consider the $1,900-$2,000 as an area for buying. A bullish reaction from this golden pocket is the short-term Ethereum price prediction.
Final Summary The Ethereum price prediction is bullish, with a move up to $2,900 possible in the coming weeks. For the next few days, a price dip toward $1,900 is likely, but ETH traders can watch out for buying opportunities at that zone. Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.
2026-03-06 13:101mo ago
2026-03-06 08:001mo ago
SEC Drops Charges Against Tron's Justin Sun For $10 Million Civil Penalty
The SEC dismissed all charges against Tron (CRYPTO: TRX) founder Justin Sun and related entities on March 5, with Rainberry paying a $10 million civil penalty to settle the 2023 lawsuit. The Settlement Terms The U.S. District Court for the Southern District of New York entered a Final Judgment dismissing all claims against Sun, the Tron Foundation, and the BitTorrent Foundation.
2026-03-06 12:101mo ago
2026-03-06 06:501mo ago
Genesco Inc. Reports Fiscal 2026 Fourth Quarter and Full Year Results
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The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.
The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.
Guidance for 2026: From an operational point of view, Commercial Aviation deliveries between 80 and 85 aircraft and Executive Aviation deliveries between 160 and 170 aircraft. From a financial point of view, revenues in the US$8.2 to US$8.5 billion range, adjusted EBIT margin between 8.7% and 9.3% (with 10% U.S. import tariffs), and adjusted free cash flow w/o Eve of US$200 million or higher for the year. Revenues totaled US$2,652 million in 4Q25 and US$7,578 million in 2025 – highest annual level ever – +18% year over year (yoy) and above the high end of guidance. Highlights for Defense & Security and Executive Aviation revenues with +36% and +25% yoy growth. Adjusted EBIT reached US$230.9 million with an +8.7% margin in 4Q25. For the full year, the company reported adjusted EBIT of US$656.8 million with an +8.7% margin - both above guidance. In 2024, the company's adjusted EBIT ex Boeing reached US$558.2 million for an +8.7% margin. U.S. import tariffs totaled US$27 million during the quarter (102bp); and US$54 million for the full year. Adjusted free cash flow w/o Eve was US$738.3 million during the quarter and US$491.2 million in 2025, supported by higher number of aircraft delivered. Consequently, the company finished 2025 with US$109.3 million net cash position (w/o Eve). The liability management strategy implemented materially increased the company's (ex Eve) average loan maturity to 9.1 years in 4Q25 from 3.7 years in 4Q24. Embraer delivered 91 aircraft in 4Q25, of which 32 were commercial jets (18 E2s and 14 E1s), 53 were executive jets (28 light and 25 medium) while 6 were defense related (2 KC-390 Millennium and 4 A-29 Super Tucano). In 2025, the company delivered a total of 244 aircraft, of which 78 were commercial jets (44 E2s and 34 E1s), 155 were executive jets (86 light and 69 medium), 3 were multi-mission KC-390 Millennium and 8 were A-29 Super Tucano in Defense & Security; +18% versus the 206 aircraft delivered in 2024. Firm order backlog of US$31.6 billion in 4Q25 – an all-time high and more than 20% higher yoy. Highlight for Commercial Aviation 2.8x book-to-bill across the E175 and E2 platforms, which supported a +42% yoy increase in backlog. For more information please see our 4Q25 Backlog and Deliveries release. To access the spreadsheet containing the data available in our Investor Relations website click here. For additional information, please check the full document on our website ri.embraer.com.br
Embraer will host a conference call to present its 4Q25 & FY25 results on:
Friday, March 6, 2026
ENGLISH: 7:00 AM (NY Time) / 9:00 AM (SP Time).
Translation to Portuguese.
To access the webcast click here.
Zoom webinar: 811 2881 8474
We recommend you join 15 minutes in advance.
SOURCE Embraer S.A.
2026-03-06 12:101mo ago
2026-03-06 07:001mo ago
Middleby Appoints Glenn Eisenberg To Board of Directors
ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD), a global leader in the foodservice industry, today announced the appointment of Glenn Eisenberg to its Board of Directors, effective March 1. With the addition of Mr. Eisenberg, the Middleby Board expands to twelve members. “We are pleased to welcome Glenn Eisenberg to the Middleby Board. His deep experience will be an immediate asset as we execute our strategic transformation,” said Tim FitzGerald, Middleby CEO. “Glenn has.
2026-03-06 12:101mo ago
2026-03-06 07:001mo ago
Torq Resources Announces Voting Results of Annual General Meeting
VANCOUVER, BC / ACCESS Newswire / March 6, 2026 / Torq Resources Inc. (TSXV:TORQ)(OTCQB:TRBMF) ("Torq" or the "Company") is pleased to announce the voting results for the Annual General Meeting (the "AGM") of Shareholders held on March 5, 2026, in Vancouver, British Columbia (the "Meeting"). The director nominees as listed in the Company's Information Circular dated January 21, 2026, and SEDAR+ filed January 26, 2026, were elected as directors of the Company at the Meeting to serve until the next AGM.
A total of 66,135,336 of the Company's common shares ("Common Shares") were present or represented by proxy at the Meeting, representing 35.58% of the outstanding Common Shares. The voting results are as follows:
Election of Directors:
Name of Nominee
Votes
For
Votes
For
(%)
Votes
Withheld/Abstain
Votes
Withheld/Abstain
(%)
Shawn Wallace
62,014,264
99.86%
85,700
0.14%
Marie-Hélène Turgeon
61,901,714
99.68%
198,250
0.32%
Ana Carolina Vargas
61,901,714
99.68%
198,250
0.32%
John Eren
62,014,264
99.86%
85,700
0.14%
There were 4,035,372 non-votes included in the quorum (but not voted). Non-votes are discretionary votes given to a broker by a U.S. beneficial holder, but such votes are not allowed under Canadian Securities Regulations.
Reappointment of Auditor:
Deloitte LLP, Chartered Professional Accountants were reappointed as Auditor of the Company for the ensuing year.
Votes
For
Votes
For
(%)
Votes
Withheld/Abstain
Votes
Withheld/Abstain
(%)
Deloitte LLP, Chartered
Professional Accountants
66,052,010
99.87%
83,326
0.13%
Continuation of Option Plan:
The Company's equity incentive plan was approved for continuation for the ensuing year.
Votes
For
Votes
For
(%)
Votes
Against
Votes
Against
(%)
Continuation of Share
Option Plan
61,922,314
99.71%
177,650
0.29%
ON BEHALF OF THE BOARD,
Shawn Wallace
CEO & Chair
Voting results have been filed on www.sedarplus.ca.
For further information on Torq Resources, please visit www.torqresources.com or contact the company at (778) 729-0500 or [email protected].
About Torq Resources
Torq is a Vancouver-based copper and gold exploration company with a portfolio of premium holdings in Chile. The Company is establishing itself as a leader of new exploration in prominent mining belts, guided by responsible, respectful and sustainable practices. The Company was built by a management team with prior success in monetizing exploration assets and its specialized technical team is recognized for their extensive experience working with major mining companies, supported by robust safety standards and technical proficiency. The technical team includes Chile-based geologists with invaluable local expertise and a noteworthy track record for major discovery in the country. Torq is committed to operating at the highest standards of applicable environmental, social and governance practices in the pursuit of a landmark discovery. For more information, visit www.torqresources.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Torq Resources Inc.
2026-03-06 12:101mo ago
2026-03-06 07:001mo ago
Gensource Potash Corporation Announces Initiation of Tugaske Project Technical Update
Saskatoon, Saskatchewan--(Newsfile Corp. - March 6, 2026) - Gensource Potash Corporation (TSXV: GSP) ("Gensource" or the "Company"), a fertilizer development company focused on a sustainable and modular approach to potash production, is pleased to announce the formal kick-off of Technical Update work on the Company's Tugaske Project. In a news release issued February 9, 2026, the Company announced the completion of an exclusivity agreement ("EA") with a large and diversified Southeast Asian conglomerate ("ASEAN Partner") with respect to the Company's Tugaske Project (the "Project" or "Tugaske").
2026-03-06 12:101mo ago
2026-03-06 07:001mo ago
Olive Resource Capital Provides Update on Investments for February 2026
Toronto, Ontario--(Newsfile Corp. - March 6, 2026) - Olive Resource Capital Inc. (TSXV: OC) ("Olive" or the "Company") is pleased to provide investors an update on its investments for the period ending February 28, 2026. Table 1: Olive's Investment Portfolio Name Ticker Sector Category (Audited) Value (Unaudited) Value (Unaudited) Value Dec 31, 2024 Dec 31, 2025 (1) Feb 28, 2026 (1) Omai Gold Mines Corp.(2) OMG.v Precious Metals Public Equity $456,720 $3,504,200 $5,006,000 Arizona Sonoran Copper Co. ASCU Base Metals Public Equity $255,780 $908,200 $1,371,800 Black Sheep Ventures Inc. Private Real Estate Private Equity & Conv.
2026-03-06 12:101mo ago
2026-03-06 07:001mo ago
Elong Power Holding Limited Announces 1 for 80 Share Consolidations
, /PRNewswire/ -- Elong Power Holding Limited (NASDAQ: ELPW) (the "Company"), a provider of high power battery technologies for commercial and specialty alternative energy vehicles and energy storage systems, today announced a share consolidation of the Company's issued and outstanding Class A ordinary shares and Class B ordinary shares at a ratio of 1 for 80 shares (the "Reverse Split"), which will take effect at the open of The Nasdaq Stock Market ("Nasdaq") on March 10, 2026.
On January 6, 2026, the Company held an extraordinary general meeting of the shareholders, and the shareholders approved to implement share consolidations of the Company's Class A ordinary shares and Class B ordinary shares at any one time or multiple times, at the exact consolidation ratio and effective time as the Board may determine from time to time in its absolute discretion, provided that the accumulative consolidation ratio for all such share consolidations shall not be more than 4000:1, and authorized the Board to implement such share consolidations at any time during a period of up to two years of the date of the meeting. On March 5, 2026, the board approved implementation of the Reverse Split at a ratio of 1 for 80 shares.
The objective of the Reverse Split is to enable the Company to maintain compliance with Nasdaq Listing Rule 5810(c)(3)(A)(iii), which requires issuers listed on Nasdaq to maintain a closing bid price of greater than $0.10.
Upon the open of trading on March 10, 2026, the Company's Class A ordinary shares will begin trading on a Reverse Split-adjusted basis, under the same symbol "ELPW" but under a new CUSIP number, G3016G129.
As a result of the Reverse Split, each 80 Class A ordinary shares with a par value of $0.00016 will automatically combine and convert into one issued and outstanding Class A ordinary share with a par value of $0.0128. Each 80 Class B ordinary shares with a par value of $0.00016 will automatically combine and convert into one issued and outstanding Class B ordinary share with a par value of $0.0128. The Reverse Split will affect all shareholders uniformly and will not alter any shareholder's percentage ownership interest in the Company, except for minimal changes that may result from the treatment of fractional shares. No action is required by shareholders holding their shares through a brokerage account.
No fractional shares will be issued to any shareholders in connection with the Reverse Split, and each shareholder will be entitled to receive one full Class A ordinary share or Class B ordinary share, as applicable, in the Company in lieu of the fractional share that would have resulted from the Reverse Split.
At the time the share consolidation is effective, the Company's total issued and outstanding common shares will change from approximately 63 million to approximately 0.79 million. The Company's authorized shares will be proportionally reduced.
About Elong Power Holding Limited
Elong Power Holding Limited, a Cayman Islands exempted company, is committed to the research and development, manufacturing, sales and service of high-power lithium-ion batteries for electric vehicles and construction machinery, as well as large-capacity, long-cycle lithium-ion batteries for energy storage systems. Elong Power is led by Ms. Xiaodan Liu, Elong Power's Chairwoman and CEO.
Elong Power has a comprehensive product and technology system that includes battery cells, modules, system integration, and battery management system development, based on high-power lithium-ion batteries and battery system products for long-cycle energy storage devices. Elong Power offers advanced energy applications and full life cycle services. Its product portfolio includes products utilizing lithium manganese oxide and lithium iron phosphate, among others, to meet the needs of high-power applications and energy storage applications in various scenarios.
Forward‑Looking Statements
This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may, "will, "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and other factors discussed in the documents filed with the United States Securities and Exchange Commission (the "SEC"). For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.
For more information, please contact:
Elong Power Holding Limited
[email protected]
SOURCE Elong Power Holding Limited
2026-03-06 12:101mo ago
2026-03-06 07:001mo ago
SuperQ Quantum CEO Dr. Muhammad Khan Appointed as Forbes Business Council Member Leader to Drive Global Cybersecurity Strategy
Calgary, Alberta--(Newsfile Corp. - March 6, 2026) - SuperQ Quantum Computing Inc. (CSE: QBTQ) (OTCQB: QBTQF) (FSE: 25X) ("SuperQ Quantum", "SuperQ", or the "Company"), a leader in hybrid quantum-classical orchestration, is pleased to announce that its Founder, CEO, and Board Chair, Dr. Muhammad Ali Khan, has been appointed as a Member Leader within the prestigious Forbes Business Council.
In this elevated leadership capacity, Dr. Khan will spearhead the Council's initiatives in Cybersecurity in the Quantum-AI era, steering high-level discourse among global executives on the transition to quantum-resistant security and implementation of guard rails around autonomous AI applications.
Quantum Intelligence Gap
Dr. Khan's appointment follows the success of SuperQ at CES 2026, where the company debuted ChatQLM—the world's first quantum-powered consumer application. By being appointed a Group Leader of the Forbes Business Council, Dr. Khan solidifies SuperQ's position at the forefront of the "Quantum Utility" era, moving the technology from experimental labs into the "pockets of the masses."
"The appointment of Dr. Khan to this thought-leadership role at Forbes Business Council is a testament to his vision of democratizing complex computational power," said Manoj Joseph, Chief Business Officer of SuperQ. "As the industry enters its 'ChatGPT moment' for quantum, having our CEO lead the conversation on a platform as influential as Forbes ensures that SuperQ remains the primary architect of the new quantum-classical standard."
A Proven Legacy in Deep Tech
Dr. Khan brings an unparalleled pedigree to the Forbes community. A Silicon Valley entrepreneur, former researcher at the University of Oxford and the University of Cambridge, and a Rhodes, Commonwealth, Vanier and Killam Scholar, he has successfully bridged the gap between theoretical science and industrial application. His leadership at SuperQ has already resulted in:
The Super™ Platform: A patent-pending hybrid-quantum operating system that autonomously solves industrial optimization and cybersecurity problems.Global Quantum Super Hubs: A growing international network of experience centers across North America, the UAE, and India.Sovereign Infrastructure: The development of modular, on-premise quantum computers and sensors for critical government and defense applications.Thought Leadership for the Post-Quantum Era
As a Member Leader, Dr. Khan will contribute expert insights to Forbes.com, focusing on the "Sovereign-by-Design" philosophy—helping enterprises secure critical data against emerging quantum threats while leveraging AI Autopilots for immediate ROI.
"Quantum computing is no longer a 'future' concept; it is a present-day asset class," stated Dr. Muhammad Ali Khan. "I am honored to lead the Cybersecurity group within the Forbes Business Council to help global leaders navigate the shift from predictive AI to prescriptive quantum optimization. Our goal is to ensure that businesses aren't just surviving the quantum transition but are actively profiting from it."
About SuperQ Quantum Computing Inc.
SuperQ Quantum Computing Inc. (CSE: QBTQ) (FSE: 25X) (OTCQB: QBTQF) is reducing the technical and financial barriers to quantum and supercomputing commercialization. It is defining the next era of enterprise transformation, emerging as a partner for global organizations seeking direct quantum and supercomputing ROI. We are also putting quantum computing in the palm of consumers' hands through ChatQLM to drive widespread adoption.
Our flagship Super™ platform strives to make the most advanced computational power intuitive and accessible. This will empower executives, leading research institutions, and critical government agencies to unlock immediate business impact across finance, healthcare, logistics, defense, and beyond, leveraging our proprietary AI Autopilots to turn complex challenges into executive-ready results with one-click productization and deployment. SuperQ Quantum is headquartered in Canada with a growing international presence, particularly in the US, Middle East and Asia, strategically establishing Super Hubs in key regions.
For further information contact:
From SuperQ:
Dr. Muhammad Khan, CEO of SuperQ Quantum Computing Inc.
Email: [email protected]
Telephone: +1 587 889 1918
www.superq.co
Cautionary Statement Regarding Forward-Looking Information
This press release contains forward-looking information within the meaning of Canadian securities legislation. Forward-looking information generally refers to information about an issuer's business, capital, or operations that is prospective in nature. Any statements that are contained in this press release that are not statements of historical fact may be deemed to be forward-looking information. Forward-looking information is often identified by terms such as "may", "should", "anticipate", "would", "will", "estimates", "believes", "intends" "expects" and similar expressions which are intended to identify forward-looking information. More particularly and without limitation, this press release contains forward-looking information concerning statements with respect to the closing of the Offering, timing of closing of the Offering, the use of proceeds of the Offering and the future plans of the Company. The Company cautions that all forward-looking information is inherently uncertain, and that actual performance may be affected by a number of material factors, assumptions, expectations and risks, many of which are beyond the control of the Company, including but not limited to assumptions regarding prevailing market conditions and general business, economic, competitive, political and social uncertainties to develop the forward-looking information in this press release, as well as those risk factors discussed or referred to in the Company's disclosure documents filed with the securities regulatory authorities in certain provinces of Canada and available at www.sedarplus.com. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information.
The forward-looking information contained in this press release are made as of the date of this press release, and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities laws.
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this news release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/286480
Source: SuperQ Quantum
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