Blockchain.com has finally received authorization from the FCA to operate in the UK. However, this comes four years after the company withdrew its application in March 2022.
Author: ethan
ethan
Ethan Moore follows the faster-moving corners of crypto, from altcoins and AI crypto to gaming, NFTs, launchpads and airdrops. His reporting looks at what is actually live, what users can participate in and whether early attention is backed by product development, community activity or verifiable traction.He regularly contributes context on Layer 1 developments and Web3 or DeFi trends connected to broader ecosystem growth.
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Bitcoin’s price has managed to push above 71,000 dollars this Monday, right after the crypto market sentiment plummeted to reach alarming historic lows recently. According to the “Fear & Greed” index, the market recorded a reading of 7 points, indicating a panic phase that, for many analysts, represents a clear buying opportunity.
Over the past few days, market rates have indicated a 19.9% probability of a 25-basis-point rate cut at the Federal Open Market Committee meeting in March. This shift reflects a recalibration of expectations amid mixed economic signals and recent communication from the central bank.
Strategy acquired 1,142 bitcoins for approximately $90 million. The average price of each BTC was $78,815, and the purchase was financed by the sale of 616,715 shares of MSTR.
Digital asset exchange-traded products (ETPs) experienced a notable reduction in their exit pace during the last week, reaching 187 million dollars. According to the latest CoinShares report published this Monday, this figure represents a drastic drop from the 3,430 million previously withdrawn, suggesting that crypto investment products could be reaching a turning point in institutional sentiment.
The investment firm Trend Research, led by Jack Yi, has completed the total sale of its Ether position, recording losses close to 750 million dollars. According to Lookonchain data, the entity moved 651,757 ETH to Binance, marking a milestone of institutional capitulation while the Ethereum price tries to stabilize after weeks of high volatility.
Cardano (ADA) saw a significant price surge thanks to whales accumulating 100 million ADA. The total holdings are estimated at around $40 million, with support levels established at $0.22–$0.26.
Galaxy Digital’s board approved a buyback program authorizing the investment of up to $200 million of its Class A common stock over a 12-month period. Management presented the move as a capital allocation decision intended to return value to shareholders as the company navigates a challenging market environment.
Bitcoin plummeted this week, surpassing the statistics of movements observed during the FTX crash and the COVID-19 crash. It registered a standard deviation of -2.88 from the 200-day trend, a level that market researchers described as a once-in-a-decade anomaly.
XRP fell 7% after Evernorth reported an estimated $380 million unrealized loss on its XRP holdings. This caused the token to drop to $1.33 and put pressure on Ripple’s institutional strategy.
