US Bitcoin reserve prompts $370 million in ETF outflows: Farside

Bitcoin exchange-traded funds (ETFs) saw nearly $370 million worth of net outflows on March 7 as investors reacted to President Donald Trump’s plan for a US strategic Bitcoin reserve, according to data from Farside Investors.  The outflows indicate institutional investors are wary of Bitcoin (BTC) exposure after Trump’s March 6 executive order — which created … Read more

Expert tells judge to drop charges against NYC Mayor Eric Adams without letting them be refiled

A judge has no choice but to grant the Justice Department’s unusual and divisive request to dismiss New York City Mayor Eric Adams’ corruption case, a court-appointed lawyer said Friday, but he recommended that prosecutors be barred from ever reviving the charges so they don’t hang over Adams “like the proverbial Sword of Damocles.”

OCC lays out crypto banking after Trump vows to end Operation Chokepoint 2.0

The US Office of the Comptroller of the Currency (OCC) has eased its stance on how banks can engage with crypto just hours after US President Donald Trump vowed to shut down Operation Chokepoint 2.0 — the prolonged crackdown restricting crypto firms’ access to banking services. “Crypto-asset custody, certain stablecoin activities, and participation in independent … Read more

Darknet marketplace wallet with over $400M BTC awakens after 9 years

A crypto wallet holding over $400 million in Bitcoin (BTC) linked to the darknet marketplace Nucleus has awakened after nine years, according to Arkham Intelligence. On March 7, the entity controlling the wallet moved $77.5 million in BTC to three new addresses, leaving $365 million in the primary wallet. The wallet had been dormant since … Read more

US will use stablecoins to ensure dollar hegemony — Scott Bessent

United States Treasury Secretary Scott Bessent said the US government will use stablecoins to ensure that the US dollar remains the world’s global reserve currency during the White House Crypto Summit on March 7. Bessent reiterated the Trump administration’s promise to end the war on crypto and committed to rolling back previous IRS guidance and … Read more