Quick Summary: Wallet thomasg.eth has accumulated a $19.5M Ethereum position over the past week as analysts and institutional buyers signal a potential price bottom. An early Ethereum wallet identified as thomasg.eth has been steadily rebuilding its exposure to the cryptocurrency, according to data from Arkham Intelligence. Over the past week, the wallet accumulated a position worth approximately $19.5 million in Ether across spot holdings, wrapped ETH, and Aave-deposited ETH. The accumulation was capped by a $3 million purchase on March 20. Arkham notes the wallet held around $537 million in crypto assets at the 2021 market peak.The renewed buying comes…
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Quick Summary: Gold dropped 11% this week to $4,488 per ounce, its steepest weekly decline since 1983, as the US-Israel war with Iran rattles markets. Gold fell 3.5% on Friday to reach $4,488 per ounce, capping an 11% weekly decline that marks the precious metal’s worst seven-day performance since 1983. Data from TradingView confirmed that the week of March 16–20 represented gold’s most damaging stretch in over four decades. The drop has intensified questions about gold’s traditional role as a safe haven asset during periods of global instability.Gold has now lost more than 15% of its value since February 28,…
Quick Summary: Grayscale has filed with the SEC for a spot Hyperliquid ETF tied to the HYPE token, joining Bitwise and 21Shares in pursuing the product. Grayscale has submitted a filing with the Securities and Exchange Commission for a spot exchange-traded fund tied to the Hyperliquid protocol’s native token, entering a field that already includes Bitwise and 21Shares. The proposed fund, called the Grayscale HYPE ETF, would track the price of the HYPE token and trade on the Nasdaq under the ticker GHYP, according to an S-1 registration statement filed on Friday. Grayscale named Coinbase as the custodian for the…
Quick Summary: A bipartisan Senate agreement in principle on stablecoin yield may clear the path for the CLARITY Act to advance through Congress. A tentative bipartisan agreement on stablecoin yield is circulating in Washington, potentially breathing new life into a major piece of cryptocurrency legislation. Republican Senator Thom Tillis and Democratic Senator Angela Alsobrooks, both members of the Senate Committee on Banking, Housing, and Urban Affairs, have reached what is being described as an agreement in principle, according to a report by Politico. Specific terms of the prospective deal have not yet been made public, and Senator Tillis has indicated…
Quick Summary: Michael Smith pleaded guilty to wire fraud after using AI-generated songs and automated bots to steal over $8 million in streaming royalties. Michael Smith, a North Carolina man, pleaded guilty Thursday to conspiracy to commit wire fraud in the Southern District of New York, admitting to a scheme that used artificial intelligence and automated accounts to fraudulently collect more than $8 million in music streaming royalties. The case followed a yearslong federal investigation and was announced by the U.S. Department of Justice. Smith has agreed to forfeit the royalty payments and faces up to five years in prison.…
Quick Summary: Bitcoin’s realized volatility has fallen sharply, yet traders spent $685 million on downside protection in the past 30 days, near the highest levels since 2021. Bitcoin has seen a notable decline in volatility as its price stabilizes near $70,000, but traders remain cautious, according to a new report from investment firm VanEck. The cryptocurrency’s realized volatility — a measure based on actual observed price movements — has dropped from 80 to 50 over the past month. Despite this calmer price environment, market participants continue to spend heavily on options that pay out if Bitcoin falls in value. The…
Quick Summary: Think Big PAC is attacking New York Assemblymember Alex Bores in the NY-12 Democratic primary over links to Sam Bankman-Fried’s 2022 political network. Think Big PAC, a pro-technology super PAC, is targeting New York Assemblymember Alex Bores ahead of the competitive NY-12 Democratic primary. The group has launched mailers connecting Bores to more than $100,000 in independent support from Sam Bankman-Fried’s 2022 political network. The attack represents a direct effort by industry-aligned interests to influence the outcome of the crowded race.Bores has drawn scrutiny from technology industry groups in part because of his work on artificial intelligence regulation.…
Quick Summary: Nevada has secured a temporary restraining order banning Kalshi from offering event contracts in the state for 14 days, with a hearing set for April 3. Nevada has become the first state in the country to ban prediction market platform Kalshi, obtaining a temporary restraining order on Friday that prohibits the company from offering event contracts related to sports, politics, and entertainment within the state. The ban is set to remain in effect for 14 days. A hearing scheduled for April 3 will determine whether a preliminary injunction should be issued, which could extend the restrictions for several…
Quick Summary: Institutional investors plan to increase crypto allocations despite a 40% market sell-off, while stablecoins and regulated products continue to gain ground. Institutional appetite for digital assets remains resilient despite a sharp market downturn, with new survey data indicating that large investors intend to raise their crypto exposure in the months ahead. A January poll of 351 investors conducted by Coinbase and EY-Parthenon found that 73% plan to purchase more digital assets this year. Additionally, 74% of respondents expect prices to climb over the next 12 months, even following a 40% market-wide sell-off since October. The findings suggest that…
Quick Summary: Google Threat Intelligence has discovered Ghostblade, a JavaScript-based iOS malware that steals crypto keys, messages, and personal data before erasing its own traces. Google Threat Intelligence has uncovered a new piece of crypto-stealing malware called Ghostblade, which targets Apple iOS devices. The malware is part of a broader suite of browser-based tools known as DarkSword, engineered to extract private keys and other sensitive information from compromised devices. Researchers describe Ghostblade as written in JavaScript and built for rapid data theft.Once active on a device, Ghostblade quickly collects sensitive data and transmits it to malicious servers. Notably, the malware…
