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03/11
Wednesday
08:08
PANews reported on March 11 that, according to Finance Feeds, Societe Generale-FORGE, the crypto subsidiary of Societe Generale, has deployed its euro-denominated stablecoin EUR CoinVertible (EURCV) to the Stellar network, completing its multi-chain expansion plan first announced in 2025. EURCV was first launched on Ethereum in April 2023 and later expanded to Solana and XRP Ledger, currently boasting a market capitalization of approximately $45.2 million. The stablecoin has participated in several tokenized financial asset trials, including a tokenized bond exchange and settlement pilot tested by SWIFT in January of this year.
08:07
BlockBeats News, March 11th: U.S. Energy Secretary Chris Wright mistakenly posted and subsequently deleted a message on social media on Tuesday, claiming that the U.S. Navy had escorted an oil tanker through the Strait of Hormuz. The news briefly triggered severe market volatility, causing international oil prices to plummet nearly 20% in a short period, with U.S. WTI crude prices temporarily falling below $77 per barrel.Subsequently, White House Press Secretary Karoline Leavitt clarified that the U.S. Navy has not escorted any oil tankers or vessels through the strait at present, but the military is exploring various options, including naval escorts, to address potential Iranian restrictions on shipping.On the same day, U.S. President Donald Trump posted multiple times on social platforms, stating that the U.S. has not received reports of Iran laying naval mines in the strait, but urged Iran to clear any potentially deployed explosive devices, and mentioned that U.S. forces have destroyed 10 "inactive mine-laying vessels."The Middle East conflict has now entered its 11th day. Pete Hegseth indicated that the U.S. and Israel are continuing strikes against Iranian targets and will persist until the adversary is defeated. Meanwhile, approximately 150 U.S. military personnel have been injured in the conflict.Affected by the conflict, energy transport in the Persian Gulf remains obstructed, with signs of production cuts in Saudi Arabia, Iraq, the UAE, and Kuwait, intensifying market concerns over global energy supply.
08:05
BlockBeats news, March 11, Chief Judge Sarah D. Morrison of the U.S. District Court for the Southern District of Ohio ruled that there is no historical evidence indicating that the U.S. Congress intended federal law to preempt state sports betting regulations, and accordingly dismissed the preliminary injunction application filed by prediction market platform Kalshi.Kalshi had previously sued the Ohio Casino Control Commission, seeking to prevent it from taking enforcement actions against the platform's event contracts under state gambling laws. Last year, the regulator accused Kalshi of operating illegal sports betting in Ohio.Kalshi argued that its event contracts constitute derivative trading regulated under the Commodity Exchange Act, which falls under the jurisdiction of the U.S. CFTC, and thus federal regulation should preempt state gambling laws.However, the judge stated that from historical and legislative context, there is no evidence that Congress intended the law to override state sports betting regulations, noting that when the Dodd‑Frank Act amended relevant laws in 2010, sports betting was still widely restricted in the United States.Kalshi indicated it will appeal the ruling. The case is seen as a significant test of the legal status of prediction markets, and its outcome may affect the compliance prospects of other prediction platforms, including Polymarket, in the United States going forward.
03/10
Tuesday
15:20
Bhutan is still one of the more unusual sovereign Bitcoin stories in the market, but the latest on-chain moves suggest it has kept trimming the position this year without making much noise about it. According to CoinDesk, wallets linked to the Royal Government of Bhutan have moved about $42.5 million worth of BTC and USDT so far in 2026. The latest transfer involved 175 BTC, worth roughly $11.85 million, and brought the country’s visible Bitcoin holdings below 5,400 BTC. Not a full exit, but a steady reduction This does not look like a dramatic liquidation. Bhutan still appears to hold a sizeable Bitcoin reserve even after the latest transfer. What stands out is the pattern: small, periodic sales rather than one aggressive dump. That matters because the market does not read Bhutan the same way it reads a listed company buying or selling Bitcoin. Bhutan’s stack was not mainly built through open-market accumulation. Reuters reported last year that Bhutan, through sovereign investment arm Druk Holding & Investments, had been investing in cryptocurrencies since 2019 and using hydropower to mine digital assets. That makes these sales easier to read as treasury management rather than stress selling. Why the market pays attention Sovereign-linked Bitcoin wallets always get noticed, even when the amounts are not large enough to move the market on their own. Part of the reason is simple: there are still only a handful of countries with meaningful Bitcoin exposure, and Bhutan is one of the few whose holdings are tied to mining rather than seizures. So when Bhutan moves coins, traders are not just looking at the size of the transfer. They are also looking for clues about how a government might actually use Bitcoin once it sits on the balance sheet as a real reserve asset. The bigger picture The more interesting takeaway here is not that Bhutan sold some Bitcoin. It is that Bhutan seems willing to treat Bitcoin like a usable treasury asset — something that can be mined, held, and sold when needed, instead of something that has to be locked away for the sake of a headline strategy. That approach fits with the country’s broader crypto story. Reuters said Bhutan’s officials have framed crypto mining as a way to turn surplus hydropower into economic value. Seen that way, periodic selling is not necessarily a retreat. It may simply be part of how the strategy works in practice. Final take Bhutan’s latest transfers do not look like panic. They look like a sovereign holder continuing to reduce part of its Bitcoin position in measured size. The country still appears to hold a meaningful reserve, but the direction this year has clearly been lower. For traders, the headline is not that Bhutan sold. It is that one of the market’s most closely watched sovereign Bitcoin holders is still quietly using its stack. To follow Bitcoin and the broader crypto market in real time, visit the Tapbit homepage, sign in through the Tapbit login page, or create an account on the Tapbit registration page.
14:49
Crypto and stocks moved higher again after markets got something they had been looking for since the weekend: a reason to believe the Iran shock might not turn into a longer, uglier macro event. That shift came after President Donald Trump said the war could be over soon, a remark that helped cool the panic trade that had pushed oil sharply higher and knocked risk assets lower. Once crude started backing off, the tone across markets changed quickly. Crypto followed equities higher, and the move looked a lot more like a macro relief rally than a crypto-only story. Bitcoin was trading at $69,871.65 at the latest read, up 3.26% over the past 24 hours, according to CoinMarketCap. Ethereum changed hands at $2,040.78, up 1.67%, while Solana traded at $86.28, up 2.65%. Those numbers matter because they show the rebound was fairly broad, not limited to BTC alone. Why the Market Bounced The center of this story is still oil. Crude Oil Price Charts When crude surged above $100 earlier in the week, traders immediately started thinking about inflation, central banks, and whether a geopolitical shock could spill into something more damaging for global growth. That is the kind of setup that usually hurts high-beta assets first. Crypto got hit for the same reason stocks did: traders were cutting risk. Then the mood flipped. Reuters reported that Brent crude fell back sharply on Tuesday after Trump said the conflict could end soon, with the market dialing down some of the worst-case supply fears that had built up the day before. Once that panic premium in oil started to fade, risk assets found room to recover. That is why this rebound matters. It was not driven by a new ETF headline, a protocol upgrade, or a big corporate treasury buy. It came from the market deciding, at least for now, that the macro shock might be less severe than feared. Bitcoin Is Close to $70,000, but the Real Story Is Bigger Than One Level Bitcoin sitting just under $70,000 is obviously part of the headline. Traders watch round numbers, and this one still matters. But the more useful read is how BTC behaved relative to the macro tape. It sold off when oil ripped higher and the dollar caught a safe-haven bid. It stabilized when those moves started to reverse. That tells you Bitcoin is still being traded as part of the broader risk complex when geopolitics takes over the market. That does not make the move less real. It just means traders should read it correctly. This was a relief bounce inside a macro-driven market, not some sudden decoupling where crypto ignored everything else going on. X Mood: Less Panic, More Tactical Optimism The tone on X changed fast once the market realized oil was no longer moving in a straight line higher. Anthony Pompliano drew attention to the timing of Trump’s remark, suggesting it was clearly aimed at calming markets into the close. The Kobeissi Letter, which had already been mapping out how this conflict could ripple through assets, pointed to the quick rebound in stocks as the market started to price in a shorter episode rather than an open-ended escalation. That shift in tone matched what was happening on the screen: traders stopped acting like they were staring at a runaway energy shock and started treating the move like a rebound trade. https://twitter.com/KobeissiLetter/status/2031156579630731462 That does not mean the market is relaxed. It means the mood has moved from outright fear to conditional optimism. If oil stays off the highs, that mood can keep holding up. If crude spikes again, the tone can change just as quickly. What Traders Should Actually Watch There are still three things doing most of the work here. First, oil. If crude keeps cooling, the pressure on risk assets should stay lighter. Second, the dollar. Reuters also reported that the greenback lost some of its safe-haven appeal as traders began to think the conflict might remain limited. That matters because a softer dollar usually makes it easier for risk assets to breathe. Third, follow-through. Relief rallies are common. Durable recoveries are harder. So yes, Bitcoin pushing back toward $70,000 matters. But if you are trading this market, it probably matters less than whether the oil chart and the dollar chart stay friendly over the next few sessions. Final Take The main takeaway is simple: crypto and stocks bounced because the market got a reason to ease up on the worst-case war trade. That does not mean the risk is gone. It means the market has stepped back from peak panic. For now, that is enough to support a rebound in Bitcoin, Ethereum, Solana, and crypto-linked equities. Whether it turns into something stronger depends less on crypto itself and more on whether the oil shock keeps fading. To track the market in real time, visit the Tapbit homepage, sign in through the Tapbit login page, or create an account on the Tapbit registration page.
14:16
Bitcoin is back within touching distance of $70,000, but the market still does not look fully convinced. At the latest check, BTC was trading at $69,989.06, up 3.65% over the past 24 hours, with daily volume at $49.56 billion and an intraday range between $66,902.55 and $70,561.88. That is a solid bounce, but it does not feel like a clean breakout yet. The move looks more like a market steadying itself after a rough stretch in which oil spiked, the dollar strengthened, and traders pulled back from risk. Why Bitcoin Is Still Struggling to Clear $70,000 The main issue is that crypto is still trading inside a broader macro story. When oil jumps and the dollar firms, traders usually get more careful with higher-volatility assets. Bitcoin has held up better than some expected, but it has not been immune to the same pressure that hit other risk trades. BTC Price Charts That is why the $70,000 level still matters. It is not just a round number. Right now, it is a quick read on market confidence. A clean move above it would probably shift sentiment fast. Another rejection would reinforce the idea that traders are still waiting for the macro backdrop to calm down a bit more. What Changed in the Past 24 Hours The tone improved after oil pulled back and the dollar eased from recent highs. Reuters reported that markets started to price in the possibility that the latest Middle East tensions may not turn into a broader, longer-lasting supply shock. That helped risk assets stabilize, and Bitcoin moved with that shift in sentiment. In other words, this latest BTC rebound does not look like a purely crypto-specific move. It looks like part of a wider relief trade. Still a Better Tape, Not a Fully Clean One There is a difference between a market bouncing and a market fully clearing risk. Bitcoin has done the first part. The second part is less obvious. For now, traders still have to deal with the same checklist: whether oil stays off the highs, whether the dollar keeps giving back some of its safe-haven bid, and whether buyers are willing to keep pressing BTC if it gets back above $70,000. If those pieces line up, the tone can improve quickly. If not, this range can drag on. Final Take Bitcoin looks steadier, but not loose and free yet. The market has room to push higher if macro stress keeps fading, though for now it still feels like traders are watching headlines as much as charts. To follow the crypto market in real time, visit the Tapbit homepage, sign in through the Tapbit login page, or create an account on the Tapbit registration page.
12:19
Strategy is back in the market with another headline-sized Bitcoin buy, and this time the reaction is not just about BTC. Traders are also watching MSTR itself, because the company has increasingly become its own kind of market instrument: part software business, part Bitcoin treasury, part equity-funded proxy trade. According to Strategy’s latest announcement, the company acquired 17,994 BTC for roughly $1.28 billion at an average price of about $70,946 per coin. That brings total holdings to 738,731 BTC acquired for about $56.04 billion in aggregate, or roughly $75,862 per Bitcoin on average. The purchase was also disclosed in the company’s latest 8-K filing, which shows the buying was funded through a mix of common stock and preferred share sales under its at-the-market programs. Why this purchase matters now On paper, this is another familiar Michael Saylor move. In practice, it landed at a moment when both Bitcoin and macro risk sentiment are still moving fast. Bitcoin was trading around $69,903 at the latest read, after moving between $66,964 and $70,503 intraday. MSTR, meanwhile, traded at $138.95, with an intraday range of $131.19 to $140.06. That matters because MSTR is no longer trading like a normal software stock. It tends to move as a higher-beta expression of Bitcoin, but with an added layer of corporate financing and market-structure risk. MSTR Stock Price That is exactly why this latest buy is getting attention beyond the usual “Strategy bought more BTC” headline. The market is trying to price two things at once: Bitcoin exposure, and the sustainability of Strategy’s capital-markets machine. The stock is part of the story now For a while, the bull case around MSTR was simple: if Bitcoin goes up and Strategy keeps accumulating, the equity can outperform spot BTC because it offers leverage, liquidity, and equity-market access. That argument is still alive. On X, many bullish accounts framed the latest buy as more proof that Strategy remains the biggest and most aggressive corporate Bitcoin accumulator in the market. But the conversation has become more layered than that. The debate now is not only about whether Strategy can keep buying. It is about whether those purchases continue to improve the company’s Bitcoin exposure on a per-share basis, especially when the buys are funded by fresh issuance. What X is arguing about The discussion on X after the filing broke has been loud, but it is not one-sided. On the bullish side, Michael Saylor himself confirmed the purchase in a post stating that Strategy had acquired 17,994 BTC for roughly $1.28 billion, bringing total holdings to 738,731 BTC. That post quickly became the anchor link for the market’s initial reaction. The same numbers were also amplified by on-chain and market-tracking accounts such as Lookonchain, which helped push the “Strategy keeps absorbing supply” angle across crypto timelines. https://twitter.com/saylor/status/2030977218726244562 A second camp on X focused less on the headline purchase and more on the capital structure behind it. Some traders argued that if MSTR can continue issuing securities at a premium to its underlying Bitcoin exposure, the model can still work as a form of accretive treasury expansion under the right conditions. That line of thinking shows up in posts from MSTR-focused market commentators and strategy accounts, including discussions around BTC yield and dilution mechanics. Then there is the skeptical side. Critics argue that the “dilution increases Bitcoin per share” narrative only works under fairly specific assumptions, and that the trade becomes much more fragile if MSTR’s premium compresses or equity-market demand weakens. Put simply, X is not debating whether Strategy bought more Bitcoin. That part is settled. The real argument is whether Strategy is still the market’s most effective public Bitcoin vehicle, or whether investors are underpricing how dependent that model is on continued financing flexibility. Why traders should care For short-term traders, the takeaway is simple: MSTR can still trade like a momentum-heavy Bitcoin instrument, especially when Strategy announces another large buy into a firm BTC tape. But it is not a one-variable trade. The stock carries additional risk around issuance, premium compression, volatility, and the market’s willingness to keep funding the strategy. For longer-term crypto investors, the bigger point is supply. Strategy now holds 738,731 BTC. That is a meaningful chunk of the asset’s eventual supply, and every new purchase reinforces the same broader narrative: more Bitcoin is moving onto long-duration balance sheets rather than staying in fast-moving circulation. That is one reason the market continues to care about these filings. Every buy is more than a treasury update. It is a read on whether public capital markets are still willing to fund large-scale Bitcoin accumulation. The bigger market read The latest move does not settle the MSTR debate. It sharpens it. Bulls will say Strategy is still proving that an aggressive corporate Bitcoin treasury can create a powerful equity story. Bears will say the structure depends too heavily on favorable financing conditions and investor belief in the premium. Both sides have a point, and that is exactly why every new 8-K from Strategy now moves more than just sentiment around Bitcoin. For now, the market is still giving Saylor room to keep pressing the trade. As long as Bitcoin stays resilient and MSTR remains liquid and well-followed, that debate is not going away. If you want to follow Bitcoin market moves in real time, you can explore the Tapbit homepage, sign in through the Tapbit login page, or create an account on the Tapbit registration page.
08:08
PANews reported on March 10th, citing Cointelegraph, that Fairshake, a political action committee backed by crypto companies such as Ripple Labs and Coinbase, has spent approximately $8.6 million in Illinois congressional elections. According to documents filed with the Federal Election Commission, the committee spent over $5.5 million opposing Illinois Lieutenant Governor Juliana Stratton, who is running for Senate, and approximately $1.8 million opposing State Representative La Shawn Ford, who is running for Congress. The affiliated organization Protect Progress invested approximately $174,000 in support of Nikki Budzinski and Robin Kelly. Fairshake currently has $193 million in funding and has stated explicitly that it will "oppose anti-crypto politicians and support pro-crypto leaders" in the 2026 elections.
08:06
BlockBeats 消息,3 月 10 日,据 HyperInsight 监测,受油价下跌影响,MakerDAO 创始人 Rune Christensen 原油多单由盈转亏,此前一度浮盈超 100 万美元,目前浮亏约 34.4 万美元。目前仍持有价值 657 万美元原油多单,入场价 92.58 美元,清算价 66.77 美元。
08:04
BlockBeats news, March 10th, according to Bitget data, U.S. President Trump stated that the Iran war has essentially ended. Affected by this news, crude oil fell by $14 in the short term. During the Asian session, crude oil rose by up to 30%, reaching a high of $118 per barrel, but after Trump hinted that the war had ended, crude oil fell to a low of $80.1 per barrel, with an intraday amplitude exceeding 40%. Currently, it is temporarily reported at $88.32, with a 24-hour decline of 17.82%.
