Block Cuts 10% Staff in Major Overhaul
@BlockInc is planning to cut up to 10% of its workforce as part of a restructuring effort, while also expanding its Bitcoin mining and AI initiatives. Block shares rose nearly 5%. #Update #Crypto $BTC
CoinTelegraph
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Bitcoin Trader Predicts $50K Real Bottom
Bitcoin’s bearish outlook persists, with analysts predicting potential new macro lows for $BTC, suggesting a “real bottom” could be around $50K. #Update #Crypto $BTC
Bitcoin Recovers 99.7% of Overpayments
@Bithumb has recovered 99.7% of overpaid Bitcoin due to a promotional error, covering the remaining 1,788 BTC with company funds. Affected users will receive compensation and trading fees waived for seven days. #Update #Crypto $BTC
Coinbase Selling Streak Hits $22M as ARK Adds Bullish
@ARKInvest sold 134,472 shares of Coinbase for $22M while acquiring over 393,000 shares of crypto platform Bullish. #Update #Crypto $COIN $BULLISH
Bitcoin Recovers 99.7% of Overpayments
@Bithumb has recovered 99.7% of overpaid Bitcoin, covering the remaining 1,788 BTC shortfall with company funds. Users affected will receive compensation and fee waivers. #Update #Crypto $BTC
Crypto Consolidation Surge Predicted by Bullish CEO
@Bullish CEO Tom Farley warns of impending “massive consolidation” in the crypto industry as companies realize they have products rather than sustainable businesses. #Update #Crypto
Crypto Retail Investors Meta-Analyze Market Crash
Santiment reports increased “capitulation” mentions among crypto users, indicating the market bottom may have already occurred. #Update #Crypto
Interest Rate Cut Expectations Surge to 23%
Over 23% of traders now expect a rate cut at the March FOMC meeting, up from 18.4%, amid concerns over hawkish Fed nominee Kevin Warsh’s policies impacting liquidity. #Update #Crypto $BTC
Bitcoin Faces Pressure as Samson Mow Reveals Truth
Samson Mow discusses Bitcoin’s recent decline, citing forced liquidations and the “quantum threat” to crypto, while suggesting a potential recovery linked to capital rotation from precious metals. #Update #Crypto $BTC
Bitcoin Rejects 2021 High Targets $84K Gap
Bitcoin market participants are split on BTC’s short-term outlook, with some predicting a rise to $84K while others warn of potential macro lows. #Update #Crypto $BTC
Bitcoin Rejects 2021 Top Targets $84K Gap
Bitcoin market participants are divided on the short-term price outlook, with some warning of potential macro lows while others predict a rise to $84,000 soon. #Update #Crypto $BTC
Tether Aids Turkey in Seizing $544M Crypto
Tether has frozen $544M in cryptocurrency at Turkey’s request, linked to illegal betting and money laundering. This follows a broader investigation resulting in over $1B in asset seizures. #Update #Crypto $USDT
Bitcoin Surges to $71.5K After Sell-Off
Bitcoin ($BTC) rallies to $71.5K after a 17% recovery from recent lows, but derivatives metrics indicate caution with a 20% options skew reflecting market fear and potential fund liquidations. #Update #Crypto $BTC
Crypto Tax Launches in Vietnam at 0.1%
Vietnam’s Finance Ministry proposes a 0.1% tax on crypto transfers, a 20% corporate tax on profits, and stringent licensing standards for digital asset exchanges. #Update #Crypto $BTC $ETH