📢 BitMine’s Ethereum bet is currently deep underwater. The firm is sitting on an estimated $6B in unrealized losses, with $ETH trading around $2.3K, well below its average cost near $3.8K, roughly a 40% drawdown. Despite the losses, BitMine is still accumulating and staking ETH, with total exposure now above 4M ETH

📢 The total crypto market wiped out $140B in just four hours.

📢 Abraxas Capital transferred 2,038 $BTC to Kraken.

📢 Tether now holds more gold than the majority of central banks.

📢 $BTC would need a $10,000 move to wipe out $5B in long liquidations.

📢 $BTC has entered the “fire sale” zone for the first time since December 2023.

📢 Now is the best time to educate people about crypto. - CZ

📢 Cardone Capital Buys the Dip

Cardone Capital has added more $BTC, buying around the $76K level.

• Increased exposure to $BTC at $76K
• Buying during market weakness
• Reinforces a long-term Bitcoin strategy

📢 The U.S. government continues to hold more than 328K BTC, far exceeding China’s 194K and the UK’s 61K.

📢 Yesterday marked the largest single-day liquidation event since October 10.

📢 This now ranks as Ethereum’s third-worst Q1 on record.

📢 Step Finance was hit by a $27M treasury breach, triggering a drop of more than 90% in its STEP token.

📢 A UAE-backed fund discreetly acquired 49% of a Trump-linked crypto startup for $500M, just days before his return to the White House.

📢 The Royal Government of Bhutan has transferred 100 $BTC to QCP Capital.

📢 Micheal Saylor hints more $BTC buy.

📢 Overall, the market looks cautious, with $BTC showing relative strength while $ETH and $SOL lag amid reduced risk appetite.

Top Gainers

Hyperliquid HYPE
Canton CC
syrupUSDC SYRUPUSDC
BFUSD BFUSD
USDT0 USDT0
USDS USDS

Top Losers

World Liberty Financial WLFI
Sui SUI
Kaspa KAS
Mantle MNT
Internet Computer ICP
NEAR Protocol NEAR

📢 The total crypto market has lost $570B in value over the past 14 days.

📢 Ethereum layer-2 networks have outperformed $ETH by roughly 900%.

📢 The next FTX distribution is expected to take place on March 31, according to Sunil.