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Bakkt Holdings (BKKT) saw its stock plunge more than 27% on March 18 after announcing that two of its largest clients, Bank of America and Webull, will not renew their commercial agreements. The crypto custody and digital asset firm disclosed the terminations in a regulatory filing on March 17, prompting a sharp sell-off that extended
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Ethereum (ETH) has fallen into a key demand zone, dipping below $2,200 as market sentiment wavers. The price decline aligns with a broader slowdown in Ethereum-based decentralized finance (DeFi) activity and institutional outflows from Ethereum spot exchange-traded funds (ETFs). However, analysts suggest a potential recovery before the monthly close, contingent on ETH reclaiming critical support
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The number of active stablecoin wallets has surged past 30 million, marking a 53% increase from February 2024 to February 2025, according to a joint report by on-chain analysis platforms Artemis and Dune. The report, titled The State of Stablecoins 2025: Supply, Adoption & Market Trends, underscores the growing role of stablecoins in digital finance.
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BlackRock and ARK Invest have collectively purchased over $130 million in Bitcoin as institutional interest in the cryptocurrency market continues to surge. The acquisitions, made through Coinbase Prime, reinforce Wall Street’s growing confidence in Bitcoin as an asset class. A recent transaction recorded on the Bitcoin blockchain shows that BlackRock’s iShares Bitcoin Trust (IBIT) acquired
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Standard Chartered has sharply lowered its Ethereum price forecast, cutting its year-end 2025 target by 60% to $4,000 from a previous estimate of $10,000. The decision reflects Ethereum’s declining market dominance and intensifying competition from layer 2 blockchains. The bank’s analysts cited Ethereum’s March 2024 Dencun upgrade as a pivotal moment. While the upgrade reduced
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Michael Saylor’s company, Strategy, has acquired $10.7 million worth of Bitcoin, even as it pushes forward with plans to raise up to $21 billion through preferred stock sales to fund further cryptocurrency purchases. The firm, which has transformed from an enterprise software company into a leveraged Bitcoin investment vehicle, disclosed in a U.S. Securities and
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Meme token traders are migrating to BNB Chain, pushing its trading volume past Solana’s. Activity surged on PancakeSwap, the network’s primary decentralized exchange, as investors sought faster and cheaper transactions. The shift underscores a growing preference for BNB Chain as a launchpad for new meme tokens, reshaping the competitive landscape among blockchain networks. The recent
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A high-stakes crypto trader has placed a massive $368 million short position on Bitcoin, using extreme 40x leverage, as market uncertainty looms ahead of key macroeconomic events. Despite recent volatility and bullish sentiment from some investors, the whale’s bet signals confidence in an imminent downturn for the world’s largest cryptocurrency. According to blockchain data from
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Bitcoin slipped to $84,399 on March 15, posting a modest 0.47% gain after Friday’s 3.53% rise. The market remains rattled by persistent outflows from BTC-spot ETFs and uncertainty surrounding President Trump’s aggressive tariff policies. Market turbulence pushed BTC to a low of $76,642 on March 11 before rebounding. Concerns over the U.S. Strategic Bitcoin Reserve
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The Shiba Inu burn rate has experienced a drastic reversal, dropping by over 99% in the past 24 hours following a record surge. Just a day after witnessing a 27,660% burn spike, the rate has fallen sharply, with only 2.8 million SHIB removed from circulation. According to data from Shibburn, the Shiba Inu burn rate
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For the first time, Goldman Sachs has acknowledged cryptocurrencies and blockchain technology in its annual shareholder letter, marking a shift in the investment bank’s stance on digital assets. The 2024 letter highlights the competitive pressures and risks associated with adopting blockchain and cryptocurrency-related products. Goldman Sachs, the second-largest investment bank in the world, stated that
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BlackRock, the world’s largest asset manager with approximately $11.6 trillion in assets under management, now holds over 567,000 Bitcoin, valued at approximately $47.8 billion. The latest data from Arkham Intelligence places BlackRock among the largest Bitcoin holders globally. The asset manager’s most recent acquisition occurred on March 14, when a Coinbase Prime wallet transferred 268
