Tag: CRYPTOS FoxBusiness.

As regulatory efforts regarding cryptocurrencies continue in the US, CFTC Chairman Michael Selig has made important statements.

Speaking at the FIA’s annual industry conference, CFTC Chairman Michael Selig stated that the U.S. is “now the crypto capital of the world,” and pledged the institution to work towards creating clearer rules for cryptocurrency markets.

“The US has now become the crypto capital.”

As markets continue to digitize and cryptocurrencies become mainstream, we are at the starting point of another wave of innovation.

Selig said the CFTC is drafting a classification of crypto assets and providing registration guidelines for unsupervised software developers, while also working on rules for leveraged retail commodity trading and the classification of actual crypto perpetual futures contracts.

Selig stated, “The CFTC will establish a crypto classification framework to clarify whether a particular asset falls under the CFTC’s jurisdiction, the SEC’s jurisdiction, or both.”

Finally, Selig emphasized the importance of the CFTC’s cooperation with the US Securities and Exchange Commission (SEC), stating that with the Project Crypto initiative, they aim to end the period of conflict between the two institutions and provide clarity to market participants.

This initiative aims to reduce regulatory conflicts between institutions and create a common regulatory framework for digital asset markets.

*This is not investment advice.

On April 14–15, 2026, Moscow will host Blockchain Forum 2026 — the largest crypto and Web3 event in the CIS region. Over the years, the forum has evolved into a key industry platform where digital asset leaders, banks, investment funds and technology companies converge to shape the future of the market.

Blockchain Forum is not merely a conference; it is an infrastructure-level meeting point for the ecosystem. It is where strategic discussions take place, partnerships are formed and projects that define the direction of the digital asset industry are launched.

Scale and Market Concentration

The 2026 edition is expected to bring together over 20,000 participants from 100+ countries, 250 exhibiting companies and more than 200 exclusive speakers, many of whom will be speaking in Russia for the first time.

This creates a rare concentration of expertise, capital and technological innovation on a single platform.

Attendees include investors, venture funds, banks, crypto exchanges, Web3 startups and infrastructure providers, enabling direct dialogue between builders, capital and institutional stakeholders.

200+ Exclusive Speakers

The agenda will feature leaders of major crypto platforms, investment executives, digital asset regulation experts and technology innovators. Many of these speakers rarely appear in the region, making Blockchain Forum a valuable opportunity for direct engagement and first-hand insights.

Exhibition and Practical Use Cases

The exhibition area will host 250 leading crypto companies presenting infrastructure solutions, new products and emerging technologies. Participants will not only hear about trends from the stage but also explore real-world applications — from product premieres to direct interaction with founders and teams.

AI Future Forum: The Convergence of AI and Web3

A dedicated AI Future Forum will take place alongside the main agenda, focusing on the integration of artificial intelligence and blockchain technologies. The convergence of AI and Web3 is widely regarded as one of the defining directions of digital economy development in the coming years.

Networking as a Strategic Asset

Blockchain Forum is recognized as a strategic networking environment. Beyond the main stages, negotiations take place, investment discussions unfold and long-term partnerships are initiated. The structure of the event enables participants to gain, in two days, the level of access and insights that would otherwise require months of fragmented communication.

Official Afterparty Headliner — L’One

The official Afterparty will be headlined by L’One, one of the most prominent artists on the Russian stage. His live performance will serve as the culmination of the forum, bringing participants together in the atmosphere of a large-scale show combined with premium networking.

The Afterparty traditionally extends the business agenda into a more informal yet equally valuable environment for relationship-building.

Blockchain Forum 2026 represents a combination of strategic dialogue, technological innovation and capital concentration, creating a space where decisions are made and the future of the market is shaped.

Tickets are available on the official website. A 10% discount is available with promo code CRYPTONEWSNET.
More details: https://blockchain.forum/en/

Bitmine Immersion Technologies moved approximately 9,600 $ETH to Coinbase Prime hot wallets on Tuesday in two separate transfers, Arkham data shows.

The first transfer sent 5,300 $ETH worth $10.75 million roughly nine hours ago, followed by a second batch of 4,308 $ETH worth $8.74 million about three hours ago.

Both went through an intermediate wallet before landing at a Coinbase Prime hot wallet address, a routing pattern consistent with institutional custody operations.

The transfers come after Bitmine reported its largest weekly ether purchase of 2026, buying 60,976 $ETH last week and bringing its total holdings above 4.5 million tokens. Chairman Thomas Lee said the firm was ramping up buying as it believes crypto is in the “late stages of a mini-crypto winter.”

Moving coins to Coinbase Prime doesn’t necessarily mean Bitmine is selling. Prime is Coinbase’s institutional custody and trading platform, and transfers there could reflect internal rebalancing, staking operations, collateral management, or preparation for OTC activity.

The balance history on Arkham shows Bitmine’s portfolio peaked near $16 billion around October 2024 and has declined to roughly $2.25 billion, reflecting ether’s price collapse rather than large-scale selling. The company is sitting on estimated losses of $7.8 billion on its position.

Ether was trading at $2,042, up 2.8% on the day.

The tiny country of Bhutan is quietly selling its bitcoin, and the stack is getting thinner each month.

The Royal Government of Bhutan moved 175 $BTC worth $11.85 million late on Monday, according to Arkham Intelligence data, moving assets to the same bc1q wallet address that received 184 $BTC worth $14.09 million in February. It suggests a consistent OTC or treasury management counterparty.

The activity is done by Bhutan’s state-owned investment arm, Druk Holding and Investments (DHI), which spearheads the country’s $BTC mining operations.

The February activity was more extensive than a single transfer. Arkham’s outflow data shows four separate moves that month: the 184 $BTC transfer, two sends to QCP Capital’s merchant deposit address totaling roughly 200 $BTC worth $15 million combined, and a $1.5 million USDT transfer to a Binance hot wallet.

That’s about $30.7 million in February alone, followed by Monday’s $11.85 million, bringing 2026 outflows to roughly $42.5 million.

The QCP Capital transfers stand out as sending bitcoin to a trading firm’s deposit address twice in one month is more active than simple treasury drawdowns. It suggests OTC selling or structured liquidity management rather than just moving coins between cold wallets.

The balance history chart tells a bigger story, however.

Bhutan’s stack peaked around 13,000 $BTC in late 2024, built up over several years through state-backed hydroelectric mining. The drawdown began in earnest after October 2024 and has been steep.

From 13,000 to roughly 5,400 is a 58% reduction in coins. The dollar value has been hit twice, by the selling and by bitcoin’s decline from around $119,000 at the peak to $69,000 today.

What was likely a position worth over $1.5 billion at its height is now $374 million.

In December, Bhutan unveiled a national Bitcoin Development Pledge committing up to 10,000 $BTC to fund Gelephu Mindfulness City, a special economic zone designed to use digital assets for its financial reserves.

Bhutan mined its coins using surplus hydropower, which means the cost basis is effectively zero. Unlike Strategy or corporate treasuries that bought at market prices, there’s no break-even math pressuring these sales. Every transfer is profit.

The Arkham balance chart shows the full arc. A slow build from near zero in early 2021, steady accumulation through the bear market, a ramp to roughly 13,000 $BTC by late 2024, and then a sharp decline that hasn’t let up.

The transfers have gone to the same counterparties in similar sizes without any obvious correlation to specific price moves, which looks more like a treasury running a planned drawdown than a holder getting shaken out.

Druk holdings did not immediately reply to CoinDesk’s request for comment in Asian morning hours.

• The Bitcoin price faces an intact overhead supply at $74,000 resistance, signaling the continuation of its ongoing correction.
• Blockchain data shows over 27,000 $BTC moved to exchanges in profit within the past 24 hours.
• The crypto fear and greed index at 18% suggest that the broader market sentiment remains strongly bearish.

The pioneer cryptocurrency, Bitcoin, is down 3.5% during Friday’s trading market hours to trade at $68,302. The downtick coincides with U.S. market correction following a triple threat of weak labor data, surging oil prices, and escalating geopolitical tensions, including Iran. However, the Bitcoin price faces additional pressure as short-term holders rushed to book profit when the coin briefly surged above the $70,000 mark earlier this week. Is the $60,000 breakdown close?

$BTC Faces Selling Pressure as $1.8B Profit-Taking Hits Exchanges

On March 6th, the cryptocurrency market experienced a significant outflow, which pushed its market cap to 2.41% down to hit $2.33 Trillion. The primary catalyst fueling this sell-off includes surging oil in the broader market amid geopolitical tension in the middle east, which also raised risk-off sentiment among investors.

The bearish momentum further accelerated as the February 2026 US nonfarm payrolls shows an unexpected loss of 92,000 jobs against the market forecast of a 50,000 gain, with unemployment steady at 4.4%.

However, the weak job number may raise odds of Federal Reserve rate cuts, which historically triggered a recovery in Bitcoin.

That said, the potential uptick would still struggle to sustain higher ground as STHs (Short Term Holders) are preferring to take early profits.

On-chain metrics indicate that more than 27,000 $BTC, worth about $1.8-1.9 billion at prevailing exchange rates, have been sent to trading platforms in gains over the last 24 hours. This represents one of the more significant single-day profit outflows in recent months.

Participants who obtained positions about one week to one month earlier are still the primary group in positive territory, with their average cost basis being around $68,000. Short-term holders, who are sometimes defined as those who are more sensitive to price action and outside sentiment, seem to prefer quick exits rather than long exposure.

Broader market conditions, such as cautious macroeconomic forecasts and continued geopolitical developments in the Middle East, have created an environment in which near-term caution is the order of the day. Bitcoin traded in the range of $68,000 – $69,000 in the early hours of March 2026, moving back from the recent peak on the back of high volatility and renewed selling interest from this cohort.

Bitcoin Price Reverts After Dead Cat Bounce

In the 48-hours, the Bitcoin price is down from $73,573 to $67,753, registering a 7.9% loss. This pullback signals intact overhead supply around $74,000 and a potential bearish reversal in the daily chart.

With sustained selling, $BTC could lose another 8% and retest the immediate support at $62,600. Since early February, the coin price has been resonating within a narrow range from $72,600 and $74,000.

Amid this consolidation, If the sellers manage to replenish its prevailing bearish momentum, the coin price could breach the bottom support, and extend its current downtrend to $56,000.

On the contrary, if the coin flips the overhead resistance of $74,000 into potential support, the buyers could strengthen their grip over this asset for a higher rally to $85,000 mark.

The largest digital asset treasury (DAT) companies for Bitcoin ($BTC) and Ethereum ($ETH) added more crypto than usual to their stockpiles last week.

Michael Saylor’s Strategy announced on Monday, March 9, that its latest weekly Bitcoin purchase totaled 17,994 $BTC at an average price of about $70,946 per coin. Last week’s buy is nearly 6x larger than the previous week’s buy of 3,015 $BTC — which itself marked a notable uptick in accumulation after weekly buys shrank since late January.

The latest purchase bring’s Strategy’s stockpile to 738,731 $BTC as of March 8, or about $50.65 billion at current prices. The publicly traded firm remains the largest Bitcoin DAT by holdings, followed by MARA Holdings with 53,822 $BTC.

Meanwhile, the second largest DAT company and the largest Ethereum DAT, Tom Lee’s Bitmine Immersion Technologies, announced in a press release today its most recent purchase of 60,976 $ETH, bringing its total Ethereum holdings to 4,534,563 $ETH as of March 8.

Per the release, last week’s purchase is well above the firm’s recent weekly purchase average of 45,000-50,000 $ETH. The previous week, Bitmine bought 51,000 $ETH. Bitmine is currently staking 3,040,483 $ETH, or about 67% of the 4.5 million $ETH that it holds in its treasury.

Also today, the second-largest Ethereum DAT, Sharplink, released its 2025 financial report. Per a press release from the firm, it recorded a $734.6 million net losses last year, a solid chunk of which — $616.2 million — were unrealized losses on its $ETH holdings.

Sharplink announced its rebrand to an Ethereum DAT in May of last year — with Consensys CEO and Ethereum co-founder Joseph Lubin as chairman of its board. The firm has accumulated 864,840 $ETH to date, at an average cost of $3,588 per $ETH, per CoinGecko data.

But, the spot price of $ETH had a volatile year in 2025. $ETH reached a new all-time high near $5,000 in August, only to end the year struggling near $3,000. $ETH is currently trading just over $2,000 at publishing time.

The Ethereum Foundation, one of the main organizations in the Ethereum ecosystem, has decided to stake a portion of its treasury.

The foundation utilizes on-chain solutions developed by Bitwise Asset Management as its infrastructure for the staking process. According to the announcement, the Ethereum Foundation started the staking process by initially depositing 2,016 $ETH. The organization’s ultimate goal is to stake approximately 70,000 $ETH. At current prices, this amount is worth approximately $140 million.

Cryptocurrency wallets known to be linked to the Ethereum Foundation currently hold $418 million worth of $ETH. Of this amount, $354 million is held directly in $ETH, while the remainder is held as wrapped $ETH on other networks.

At the time of writing, Ethereum staking rewards provide an annual return of 2.77% in $ETH terms. This means that the foundation will generate $3.8 million in annual revenue from this staking method in a scenario where the $ETH price remains stable.

*This is not investment advice.