Author: John Smith
Bitcoin price fell back under the $74,000 support level after three straight days of gains as investors remained cautious ahead of the Federal Reserve’s rate cut decision scheduled for later today. Summary Bitcoin price slipped below $74,000 after a three-day rally, as traders booked profits ahead of the Federal Reserve’s rate decision. Markets expect the Fed to hold rates at 3.50% to 3.75%, with CME FedWatch showing over 99% probability of no rate cut. Bullish technical signals persist, with a triangle breakout and ETF inflows supporting upside, while $76,000 remains key resistance. After rallying over 7% and touching nearly $76,000…
The notorious Lazarus Group may have been behind a cyberattack on crypto e-commerce store Bitrefill, the firm estimates. Summary Bitrefill linked a March 1 cyberattack to tactics associated with the Lazarus and BlueNoroff groups, after attackers compromised an employee laptop and drained funds from hot wallets. Around 18,500 purchase records were accessed, though the company said only limited customer information was exposed and there was no evidence of a full database breach. Detailing the March 1 incident in a Tuesday X post, the firm said the attackers used malware, on-chain tracing, and reused IP and email infrastructure to drain funds…
US Securities and Exchange Commission Chair Paul Atkins has proposed a “safe harbor” framework aimed at easing regulatory pressure on crypto firms while keeping them within the federal oversight structure. Summary SEC Chair Paul Atkins proposes safe harbor exemptions to allow crypto firms to raise capital under defined regulatory pathways. Framework includes startup and fundraising exemptions, along with conditions for when tokens may fall outside securities laws. Speaking at the DC Blockchain Summit in Washington, Atkins said, “such a safe harbor would provide crypto innovators bespoke pathways to raise capital in the US, while providing appropriate investor protections.” Calls for…
Summary Ripple plans to apply for a Virtual Asset Service Provider license from the Central Bank of Brazil, pulling its operations under Brazil’s new crypto framework instead of operating as a grey “technology vendor.” Banks and fintechs including Banco Genial, Braza Bank and Nomad already use Ripple infrastructure for same‑day dollar transfers, real‑backed stablecoins and cross‑border fund flows, while partners like CRX and Justoken issue tokenized commodities and other RWAs via Ripple custody tools. For Ripple and XRP watchers, Brazil combines deep remittance corridors, a sophisticated banking sector and pragmatic tokenization rules, making it a key test case for whether…
U.S. stocks opened higher on Tuesday, extending a risk‑on regime across the Dow, S&P 500 and Nasdaq even as crypto‑linked names like Coinbase and MicroStrategy once again trade more like volatile Bitcoin proxies than companies being valued on their own fundamentals. Summary Gate data cited by ChainCatcher show the Dow opening up 0.66%, the S&P 500 up 0.42% and the Nasdaq up 0.33%, extending a risk‑on regime where dips in U.S. equities remain shallow and quickly bought. Crypto‑linked stocks like Coinbase and MicroStrategy continue to trade less on cash flows and business execution and more as leveraged wrappers on Bitcoin,…
Tether’s QVAC Fabric integrates BitNet LoRA to fine‑tune and run multi‑billion‑parameter AI models on consumer GPUs and flagship phones, pushing serious AI work to the edge. Summary QVAC Fabric brings BitNet LoRA fine‑tuning and inference to AMD and Intel GPUs, Apple’s Metal stack, and high‑end mobile GPUs, claiming 2–11x speedups over CPU baselines and up to 90% lower memory use. Tether says it has fine‑tuned models up to 3.8 billion parameters on Pixel 9, Galaxy S25, and iPhone 16, and up to 13 billion parameters on iPhone 16, pushing on‑device AI far beyond today’s typical sub‑3B demos. The release fits…
A hacker group from China posing as a cybersecurity firm has allegedly stolen 7 million dollars via wallet supply‑chain attacks, targeting Trust Wallet and other clients before an internal dispute triggered a whistleblower leak. Summary Operating under Wuhan Anshun Technology, the group presented itself as a security outfit while allegedly using Electron apps, browser plugins, and remote‑control tools to exfiltrate mnemonics and drain wallets across Ethereum, BNB Chain, Arbitrum and more. A disgruntled member claims the crew stole about 7 million dollars across 37 token types, then leaked internal details after a fight over profit splits and unpaid “severance,” saying…
DAO platform Tally is closing after six years, underscoring how softer U.S. rules and ETF/RWA adoption have eroded demand for DAOs as regulatory armor and squeezed heavy governance tooling. Summary Tally’s core thesis was born in the Gensler era, when projects rushed to wrap themselves in DAOs to look decentralized and dodge enforcement, but that fear‑driven demand has faded as the U.S. shifts to a more permissive, ETF‑anchored framework. With DAO governance now an optional design choice rather than a survival tactic, fewer teams are willing to tolerate voter apathy, coordination overhead, and fragmentation, shrinking the market for third‑party governance…
Citibank has cut its 12‑month Bitcoin target to 112,000 dollars and Ethereum to 3,175 dollars, warning that stalled U.S. legislation and fading ETF enthusiasm are capping upside. Summary In a new note cited by ChainCatcher, Citibank cut its 12‑month Bitcoin target from 143,000 dollars to 112,000 dollars and lowered its Ethereum target from 4,304 dollars to 3,175 dollars, even as both trade near record levels. Citi blames stalled comprehensive U.S. crypto legislation, softer expectations for spot ETF inflows and underwhelming on‑chain usage, now projecting 10 billion dollars of net Bitcoin fund inflows and 2.5 billion dollars into Ethereum products over…
A Tether whale just moved 500 million USDT from an unknown wallet to Binance, concentrating stablecoin firepower as BTC and ETH sit on dense liquidation bands. Summary On March 17, Coinglass flagged a 500 million USDT transfer from an unidentified wallet to Binance, instantly boosting the exchange’s deployable stablecoin stack. Large Tether inflows like this often precede elevated futures open interest, basis trades, or margin deployment, especially when BTC and ETH already sit near billion‑dollar liquidation clusters. Whether this stack fuels outright BTC and ETH longs or market‑neutral carry trades, it underscores how a few whales can quickly reshape exchange‑side…