Mt. Gox Made a Transfer of $1 Billion
Mt. Gox transferred 11,501 BTC ($1.01 billion) to an unknown wallet and to the exchange’s hot wallet. 10,608 BTC ($927.5 million) was sent to an unmarked wallet, and 893 BTC was sent to Mt. Gox’s hot wallet. It remains unclear whether this transfer is related to creditor payments during the exchange’s bankruptcy process.
Mt. Gox began making repayments in July 2024, though the final payment deadline has been postponed to October 2025. The exchange, which currently holds 35,583 BTC ($3.1 billion), went bankrupt after the 2014 hack. While large transfers have historically created selling pressure, the impact of this move on the market is not yet clear.
21Shares Lists Bitcoin, Solana, and XRP ETPs on Nasdaq Stockholm
Asset management firm 21Shares has expanded its presence in Europe by listing three new crypto ETPs on Nasdaq Stockholm: Bitcoin Core ETP (CBTC), Solana Staking ETP (ASOL), and XRP ETP (AXRP). The move comes at a time of increasing institutional interest in Europe, offering investors access to regulated, physically backed crypto assets.
The company emphasized that CBTC offers investors an attractive Bitcoin investment, especially with its low management fee (0.21%), while ASOL earns Solana staking rewards. The XRP ETP is also focused on its growing use in global payment systems. 21Shares director Mandy Chiu said regulatory clarity in Europe has increased and the MiCA framework has strengthened institutional investor confidence.
Bitcoin Outperforms Tesla
Standard Chartered found that its “Mag 7B” index, which replaces Tesla with Bitcoin, offers higher returns and lower risk than the original “Magnificent 7” index. Bitcoin could be considered among big tech stocks because it has a stronger link to the Nasdaq, the bank said, and could attract institutional investors.
According to the analysis, the Mag 7B index has outperformed the Mag 7 in five of the last seven years, returning 1% more on average each year. The index with Bitcoin added also had 2% lower volatility than the Tesla version. The bank emphasized that Bitcoin provides protection against traditional financial risks and is an attractive option for technology investors.
House of Doge Launches Official Dogecoin Reserve with 10 Million DOGE
Dogecoin Foundation’s corporate arm House of Doge announced the Official Dogecoin Reserve in order to support Dogecoin’s emergence as a global payment instrument. The organization, which purchased 10 million DOGE to launch the reserve, aims to ensure that Dogecoin is adopted as a fast and reliable payment method. The reserve aims to speed up transaction times by increasing liquidity and make Dogecoin a practical alternative for daily purchases.
House of Doge is preparing to establish strategic partnerships with payment platforms by emphasizing Dogecoin’s advantages such as low transaction fees and a sustainable supply model. With this initiative, the organization aims to ensure widespread adoption of Dogecoin for businesses and consumers, and plans to accelerate its integration into global payment systems.
Trump Media Partners for Crypto ETFs
Trump Media and Technology Group (TMTG) has signed a non-binding agreement with the crypto platform to offer exchange-traded funds (ETFs). These ETFs will offer investment opportunities in various sectors such as Bitcoin and energy. TMTG President Devin Nunes stated that the funds will include companies focused on rapid growth and technological innovation.
With the SEC’s approval of Bitcoin ETFs, crypto-focused ETFs have begun to attract great interest. The 11 Bitcoin ETFs currently trading manage $100 billion in assets, while Ethereum ETFs have received $2.5 billion in inflows. Trump had promised to support the crypto sector before the election, and the US’s establishment of a Bitcoin strategic reserve under his administration attracted attention.
Trump-Backed Crypto Project Launches Stablecoin on BNB Chain and Ethereum
World Liberty Financial, backed by US President Donald Trump, launched a stablecoin called USD1 on March 4. Although the total supply of the stablecoin launched on BNB Chain and Ethereum is $ 3.5 million, it is not currently tradable. The launch took place before the GENIUS law, which will shape stablecoin regulations in the US, was put to vote in the Senate.
While World Liberty Financial draws attention as a project in which the Trump family owns 60% of its shares, Trump’s relationship with the crypto sector has raised conflict of interest allegations. The SEC suspended the lawsuit against Tron after Justin Sun invested $ 30 million in Trump’s project. As the stablecoin market grows rapidly, the sector’s relationship with regulators continues to be under the microscope.
Strategy Increases Bitcoin Assets to 506,000 BTC
Strategy (MSTR), led by Michael Saylor, purchased an additional 6,911 Bitcoins last week, bringing its total holdings to 506,137 BTC. The company spent a total of $584.1 million for this purchase at an average price of $84,529. With this latest purchase, Strategy’s total Bitcoin investment reached $33.7 billion, with an average purchase cost of $66,608.
The company raised $592.6 million by selling 1.975 million shares of common stock to fund its Bitcoin purchases. It also raised $1.1 million from the recently priced $711 million STRF priority share issue by selling 13,100 shares to date. MSTR shares rose 4.8% in premarket trading as Bitcoin surged above $87,000 over the weekend.
Senator Warren Questions SEC Nominee Paul Atkins Over FTX Ties
Senator Elizabeth Warren has slammed SEC chair nominee Paul Atkins, questioning his past work advising FTX and his support for loosening financial regulations. In her 34-page letter, Warren questioned whether Atkins has attempted to weaken investor protection laws and whether he can provide impartial leadership at the SEC.
Warren also noted that Atkins has provided services to companies that have had problems with regulators in exchange for high fees through his consulting firm, and drew attention to potential conflicts of interest. The senator said he wanted to make sure the SEC would continue to monitor the crypto sector, adding that Atkins could pursue a “deregulatory” policy that could put market stability at risk.
Arizona’s Crypto Reserve Bill Heads to a Vote
Arizona is preparing to vote on two bills in the state legislature that aim to create digital asset reserves. SB 1373 would provide for the management of digital assets seized as a result of criminal investigations, while SB 1025 would allow the state treasury and pension funds to invest up to 10% in Bitcoin. While it is likely to pass in the Republican-dominated legislature, final approval remains uncertain due to Democratic Governor Katie Hobbs’ past veto rate.
With this move, Arizona is leading the race to create a strategic Bitcoin reserve by state in the US. The Texas Senate recently approved a similar bill, while the Oklahoma House of Representatives overwhelmingly approved the Bitcoin reserve bill. However, the strategic reserve clause was removed from a similar bill in Utah at the last minute.
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BITCOIN (BTC)
BTC is trading at $86,480 as of the morning hours, down 1.17%. Testing the $88,460 resistance and briefly moving above this level, it will be important for BTC to maintain its stability above this level in order for the upward movement to continue. In this case, the next targets may be $89,822 and $91,614.
In possible pullbacks, $84,757 is the first important support. If this level is broken downwards, a drop to the $ 81,237 support may be possible.
ETHEREUM (ETH)
ETH is priced at $ 2,045 as of the morning hours with a 1.86% loss in value. ETH, which broke the $ 2,068 resistance yesterday, tried to surpass this level, but could not maintain permanence above it. In order for the upward movement to continue, it will be important to maintain permanence above the $ 2,068 level. In this case, the next targets could be $ 2,149 and $ 2,230.
In possible pullbacks, $ 1,960 is the first support. If this level is broken downward, the possibility of a drop to the $ 1,842 support may be on the agenda.
RIPPLE (XRP)
XRP is trading at $ 2.42 as of the morning hours with a 0.93% loss in value. Testing the $ 2.50 level with the last upward movement, XRP was rejected from this region. The price must overcome the 2.50 resistance in order for the upward movement to continue. If this level is broken, the $2.57 and then $2.64 levels may be the next target points.
In the negative scenario, if the price drops below the $2.42 level, the $2.36 support can be followed. If this level is lost, the 2.22 level can be followed as a strong support.
AVALANCHE (AVAX)
AVAX is trading at $ 21.60 as of the morning hours with a 0.56% gain in value. AVAX, which rose to the 22.38 resistance in the last upward wave, is having difficulty surpassing this level. If the price exceeds the 22.38 level, it may be possible for the upward movement to continue and the 23.46 level to be tested.
In downward movements, the 21.26 level can be followed as the first support point. If this area is lost, a pullback to the 19.89 level may occur. In a deeper decline scenario, the 18.18 level stands out as strong support.
SOLANA (SOL)
SOL is traded at $ 139 levels with a 1.16% loss in value as of the morning hours. If the 141.07 level is broken in a possible positive trend, it may be possible for the upward movement to continue and target the 148.29 level.
In downward movements, the 136.46 level can be followed as the first support point. If this level is lost, a pullback may occur towards the 128.21 and then 121.77 support zones. In general, if the price fails to break the 141.07 resistance, selling pressure can be expected to increase.
