Author: John Smith

U.S. oil prices plunged $15 per barrel in less than two hours after reports that G7 countries are considering releasing 400 million barrels from strategic reserves, triggering volatility across global markets and over $225 million in liquidations across crypto derivatives. Summary U.S. oil prices fell $15 per barrel in under two hours, dropping below $104. Crypto derivatives markets saw over $225 million in liquidations, led by Bitcoin and Ethereum. Bitcoin remained largely range-bound near the $67K level despite the macro volatility. The Kobeissi Letter said oil prices initially surged as much as 30% earlier in the day before the news…

XRP whales appear to be ramping up accumulation even as a significant share of the token’s supply remains underwater, according to recent on-chain data. Summary On-chain data shows roughly $50 billion worth of XRP supply remains in loss, even as large holders appear to be accumulating. Exchange data indicates millions of XRP have recently moved off trading platforms, suggesting whales may be shifting toward long-term holding. XRP traded at $1.35 at press time, down 0.1% in the past 24 hours, as the market digests mixed signals between whale accumulation and underwater holders. XRP whales quietly accumulate as $50B of supply…

Strategy may be gearing up for its 101st Bitcoin purchase, according to a cryptic post shared by co-founder Michael Saylor. Summary Michael Saylor has hinted at Strategy’s 101st Bitcoin purchase. The company currently holds 720,737 BTC worth over $48.7 billion. Bitcoin was trading near $67,500, below Strategy’s average purchase cost. As is often the case with Saylor’s posts, he shared Strategy’s Bitcoin accumulation chart, which tracks the company’s purchases since it first began buying the asset in August 2020. “The Second Century Begins,” he wrote on X. Strategy BTC accumulation chart. Source: X/Saylor Strategy currently holds 720,737 Bitcoin, valued at…

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…

Solana price is grinding sideways just under $90 as traders bet on whether 2026’s upgrades and ETF hype can finally blow SOL out of its tight range and into triple‑digit territory. Summary Solana price trades around $88–$89, down sharply from ~$149 a year ago, as the market digests a brutal February drawdown and choppy March rebound.​ Most 2026 forecasts cluster between roughly $90 and $180, with some outliers seeing SOL above $200 if tech upgrades and institutional demand land cleanly. With BTC stuck near $70,000 and macro risk off, SOL is effectively a leveraged bet on whether this cycle still…

The crypto market remained on edge today, March 6, as the war in Iran continued. It also wavered as the US non-farm payrolls and retail sales dropped and the unemployment rate jumped. Summary The crypto market wavered after the latest US non-farm payrolls data. A report showed that the US shed 92,000 jobs in February. US retail sales continued falling in January. Bitcoin (BTC) price remained at $70,000 at press time. Ethereum (ETH) hovered slightly above $2,000, while Ripple (XRP) remained steady above $1.40. Crypto prices reacted to the latest jobs report, which was much worse than expected. The US…

The crypto crash has unfolded under Donald Trump as the president and Paul Atkins as the head of the Securities and Exchange Commission. Summary The crypto market crash has happened under Donald Trump as President. It also tumbled despite the friendly regulations under Paul Atkins. Trump’s second term has been characterized by uncertainty, especially on trade. Crypto crash has happened under Donald Trump  Bitcoin (BTC) has already erased all the gains made during the Trump presidency and is now trading at its lowest level since October 2024. Altcoins have done worse, with some notable names like Shiba Inu and Cardano…

Bitcoin spot ETFs recorded $568.45 million in net inflows for the week ending March 6 and were the second consecutive week of positive flows. Summary Bitcoin ETFs recorded $568.45M weekly inflows. A $1.15B buying wave from March 2–4 offset $576M in late-week outflows. Ethereum ETFs added $23.56M, but heavy redemptions erased most midweek gains. Three days of strong buying from March 2-4 totaling $1.15 billion offset outflows on March 5-6 that drained $576.66 million, leaving the week with net positive flows. Bitcoin (BTC) traded below $67,000 after dropping 2% over 24 hours, while total net assets for Bitcoin ETFs reached…

Kalshi faces a class-action lawsuit over disputed payouts totaling approximately $54 million related to bets on Iranian Supreme Leader Ali Khamenei’s departure from office. Summary Kalshi faces a $54M class-action lawsuit over disputed Khamenei bets. Traders say the platform retroactively excluded death-based outcomes. Kalshi argues the death exclusion existed from the market’s launch. Users who wagered Khamenei would leave his position before March 1 claim the prediction market platform retroactively applied a rule excluding death-based outcomes after he was killed in weekend military strikes. The company maintained its terms explicitly prohibiting trading on death scenarios from the market’s inception and…

In this week’s edition of the weekly recap, Strategy disclosed its third-largest Bitcoin purchase of the year, adding $200 million worth of the asset to reach approximately 720,750 total holdings. Summary Strategy bought $200M in Bitcoin, raising holdings to about 720,750 BTC. Deloitte verified USAT reserves in the stablecoin’s first attestation. Kazakhstan plans a $350M crypto allocation from national reserves Additionally, Anchorage Digital engaged Deloitte for USAT’s first attestation report linking Big Four accounting with Tether’s regulated U.S. stablecoin efforts, and Kazakhstan’s central bank confirmed plans to allocate up to $350 million from its reserves for cryptocurrency investments. Strategy maintains…