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Philip

@philipstrade

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Philip
@philipstrade
Bitcoin Stack Grows: Hong Kong Firm Now Holds 19 BTC A Hong Kong-based investment holding company has joined many firms that are incorporating Bitcoin in their balance sheets, turning part of the company’s treasury into cryptocurrency. HK Asia Holdings announced that it expanded its Bitcoin reserve after its newly formed board approved the acquisition. In an X post, HK Asia Holdings revealed that it acquired an additional 10 Bitcoins worth around $858,581, raising its total BTC holding to 18.88 coins. “The Board is pleased to announce this week’s purchase of 10 BTC, furthering the company’s asset allocation strategy,” the holdings company said." The Group said in the discloseable transaction it has already “acquired a total of approximately 18.88 units of Bitcoin for an aggregate consideration of approximately $1,720,157.41.” https://bitcoinist.com/bitcoin-stack-grows-hong-kong-firm-now-holds-nearly-19-btc/
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Philip
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This Week in Bitcoin: Volatility Rises as ETFs Rebound and SEC Gives OK to Mining Bitcoin had a relatively calm week following so much recent chaos, with ETF flows in the green and the SEC delivering good news on mining. It was another up-and-down week for Bitcoin, after news from the central bank sent the biggest cryptocurrency up, then back down again. And we've basically landed right back where we started. Right now, Bitcoin's price now stands at $84,150 per coin after not budging over a seven-day period, according to CoinGecko data. It's up 0.2% on the day, but totally flat on the week. The asset jumped briefly after Federal Reserve Chair Jerome Powell told reporters Wednesday that everything was under control and that President Trump's tariffs would have a "transitory" effect on inflation. https://decrypt.co/311107/this-week-bitcoin-volatility-rises-etfs-rebound
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Philip
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Holy Wager: Bettors Back 3% Odds for Jesus’ 2025 Return on Polymarket The bet, hosted on blockchain-powered platform prediction marketplace Polymarket, has drawn $44,760 in trading volume, with speculators wagering on whether biblical prophecies will culminate in a 2025 Second Coming. While most theologians dismiss date-setting, the market reflects niche interpretations of scripture gaining traction online. Central to the 2025 theory are two fringe analyses. The Church of God Ministry posits a 24-year “redeemed time” period starting in 2000 and ending in the fall of 2025. Another group, dubbed Free Gift From God, recalibrates Daniel’s “Seventy Weeks” prophecy using a 1535 Ottoman decree, linking Cardinal George Pell’s 2018 conviction to a seven-year countdown to 2025. https://news.bitcoin.com/holy-wager-bettors-back-3-odds-for-jesus-2025-return-on-polymarket/
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Trump calls for US Dollar dominance, vows to make America a crypto superpower in historic crypto summit speech United States (US) President Donald Trump made history as the first sitting President to speak at a crypto summit and addressed investors, traders, institutions and the industry at the event. Through a pre-recorded address, Trump touched upon key crypto victories of his administration, the recent White House Crypto Summit and his future plans for the industry. https://www.fxstreet.com/cryptocurrencies/news/trump-calls-for-us-dollar-dominance-vows-to-make-america-a-crypto-superpower-in-historic-crypto-summit-speech-202503201556
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Bitcoin is trading at $84,502, commanding a market cap of $1.67 trillion, representing 60.3% dominance in the $2.78 trillion crypto economy. With a 24-hour trading volume of $26 billion and an intraday price range between $81,294 and $84,852, bitcoin remains 22.2% below its all-time high, facing key resistance and support levels across multiple timeframes. On the 1-hour chart, bitcoin is forming a short-term uptrend after rebounding from $81,138 to a high of $84,871. The market is printing higher highs and higher lows, supported by increasing volume, indicating building momentum. A pullback to the $83,000–$83,500 range could provide an optimal entry for short-term traders, while a breakout above $85,000 may push the price toward the $87,000–$88,000 range. However, if bitcoin fails to hold above $82,500, further downside toward $81,000 is possible. https://news.bitcoin.com/bitcoin-price-watch-bulls-aim-for-90k-but-resistance-stands-in-the-way/
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Breaking Down Strategy’s Recent Preferred Stock Offerings Strategy, the rebranded MicroStrategy and the world’s largest corporate Bitcoin holder, made headlines earlier today as it unveiled its latest preferred stock offering, STRF. The company launched a public offering of 5,000,000 shares of its Series A Perpetual Strife Preferred Stock (ticker: STRF), subject to market conditions. The new offering aims to raise capital for general corporate purposes, with a significant portion earmarked for Bitcoin acquisitions and working capital. The new STRF offering introduces a hybrid security designed to appeal to investors seeking lower volatility compared to Strategy’s volatile common stock (MSTR). https://www.forbes.com/sites/mauriciodibartolomeo/2025/03/18/breaking-down-strategys-recent-preferred-stock-offerings/
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The Four Pillars of Harry Hippo: Why $HIPO Isn’t Just Another Meme Coin Harry Hippo builds its value on four distinct foundations that work together to create something more substantial than typical crypto projects. With the token currently priced at $0.00625, presale approaching $2 million, and over 300 million tokens already staked, the market shows growing recognition of this multi-faceted approach. https://99bitcoins.com/news/the-four-pillars-of-harry-hippo-why-hipo-isnt-just-another-meme-coin/
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Bank Of Korea Takes Cautious Stance On Bitcoin As Reserve The Bank of Korea has stated that it is approaching the idea of including Bitcoin in its foreign exchange reserves with caution, citing concerns over the cryptocurrency’s extreme price volatility. In a 16 March 2025 response to a written inquiry, central bank officials confirmed that they have neither discussed nor reviewed the possibility of adding Bitcoin to South Korea’s foreign reserves. Their response came after Representative Cha Gyu-geun of the National Assembly’s Planning and Finance Committee raised the issue. According to reports from The Korea Herald, the central bank stressed that a “cautious approach is needed.” https://99bitcoins.com/news/bank-of-korea-takes-cautious-stance-on-bitcoin-as-reserve/
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LIBRA Controversy: Was The Token’s $1.16 Billion Surge Rigged? DWF Report Says Yes Within an hour, a meme coin on the Solana blockchain, LIBRA, ballooned to a market value of $1.16 billion before quickly disintegrating. According to sources, early buyers of the LIBRA token profited millions of dollars while regular investors ended up scratching their heads with nothing. Shortly after its launch, LIBRA reportedly saw an unprecedented rise in value. But the excitement quickly turned to misery. Approximately 75,000 traders lost their first deposits when the token fell more than 90% in value. The damage, analysts said, were more than $280 million. https://bitcoinist.com/libra-controversy-was-the-tokens-1-15-billion-surge-rigged-dwf-report-says-yes/
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Massive Campaign Uses Over 700K Wallets in Cryptojacking Scheme A cryptojacking campaign that encompasses the use of over 700K cryptocurrency addresses has been unveiled by cybersecurity company Ciberark. Massjacker is a crypto jacking tool, meaning that it hijacks the clipboard of the infected devices, changing the cryptocurrency addresses into others, and making people deposit crypto to addresses different than the ones intended. Ciberark estimated that over $300K had been stolen using this malware, which originated in pesktop[.]com, a site that distributes pirated software. Nonetheless, while Ciberark believed this to be the work of a single threat actor or group, it acknowledged several actors could be linked to this campaign. https://news.bitcoin.com/massive-campaign-uses-over-700k-wallets-in-cryptojacking-scheme/
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Senate panel advances debanking bill to block regulators from using reputational risk in supervision The Senate Banking Committee voted to advance a bill that would eliminate references to reputational risk as a way for federal regulators to supervise financial institutions. The committee voted 13- 11 to advance that bill to the Senate on Thursday during a markup where the committee also voted to move forward with a bill to regulate stablecoins. Work would still need to be done on the House side. The bill, called the Financial Integrity and Regulation Management Act, aims to address concerns around debanking and would block regulators from using reputational risk to supervise risk — following the crypto industry's condemnation of government agencies they say are cutting them off from the financial sector. Notably, Democrats did not vote to support the bill. https://www.theblock.co/post/346219/senate-panel-advances-debanking-bill-to-block-regulators-from-using-reputational-risk-in-supervision
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Philip
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SEC postpones ruling on Fidelity Ether ETF options The agency delayed similar proposed rule changes by other exchanges in February. The agency has given itself until May 14 to approve or disapprove of Cboe BZX’s request to list options tied to Fidelity Ethereum Fund (FETH), according to a March 12 SEC filing. Cboe BZX initially requested to list options on Fidelity’s Ether ETFs in January, the filing said. Listing options on Ether funds is an important step in attracting institutional capital to the cryptocurrency. Related: SEC acknowledges slew of crypto ETF filings as reviews, approvals accelerate https://cointelegraph.com/news/sec-delays-decision-on-fidelity-eth-etf-options
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Philip
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Spruce Point Capital Is Betting Against Remitly Global Stock, Short Seller Says Shares Could Fall To $9 Amid 'Tectonic Shift' Across Industry Spruce Point Capital Management has announced a new short position against Remitly Global Inc RELY as the short seller believes there’s reason to be skeptical of the company’s financial reporting and valuation. What To Know: Spruce Point targeted Remitly Global in a new bearish research report that provides evidence of doctored reviews and unreliable accounting practices, suggesting the stock is overvalued. Benzinga contacted Remitly Global for comment on the report, with a representative responding, “Thanks for reaching out. We're aware of the report and are in the process of reviewing its claims. I will be back in touch as soon as possible.” https://www.benzinga.com/trading-ideas/short-ideas/25/03/44258682/spruce-point-capital-is-betting-against-remitly-global-stock-short-seller-says-shares-c
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Bitcoin Plays Chicken With Central Banks As Dollar Falls, Says Expert Bitcoin’s price endured another bout of volatility over the weekend, shedding 5% on Sunday to dip below the $80,000 mark, before settling near $82,000. This latest decline places the cryptocurrency roughly 25% below its all-time high of $109,900. Analysts attribute the downturn to ongoing trade tensions—linked to President Donald Trump’s latest tariff measures—and the fears of a looming recession. https://www.newsbtc.com/news/bitcoin/bitcoin-plays-chicken-with-central-banks/
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Philip
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Ripple Pushed Solana Into Trump’s Crypto Reserve: A Shady Power Play? On Sunday, US President Donald Trump unveiled a Strategic Crypto Reserve featuring multiple digital assets: Bitcoin, Ether, XRP, Solana (SOL), and Cardano (ADA). Many observers were initially surprised to see altcoins—particularly XRP, SOL, and ADA—in a federal-level announcement once presumed to revolve solely around Bitcoin. Now, new revelations from Unchained suggest that Ripple may have brokered the inclusion of Solana through backdoor lobbying to bolster XRP’s credibility in the eyes of policymakers and the crypto community. https://bitcoinist.com/ripple-pushed-solana-into-trumps-crypto-reserve/
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Early Solana backer Foundation Capital raises $600 million for 11th fund Foundation Capital, a Silicon Valley venture firm and an early investor in Solana Labs, has raised $600 million for its 11th fund, continuing its focus on startups at the earliest stages. The 30-year-old firm, which invests in crypto, fintech and artificial intelligence, among other sectors, said the new fund will continue its tradition of supporting founders "at day zero" before a product is built or revenue is generated. Foundation Capital said 80% of its investments happen before a company has generated a single dollar of revenue. "We look for what we call 'zero-billion-dollar markets' — opportunities that don't appear in industry forecasts because they're only visible to those who see beyond what exists today," the firm said. https://www.theblock.co/post/344676/solana-backer-foundation-capital-new-fund
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XRP Price Prediction: XRP on Cusp of 22% Selloff amid Macroeconomic Uncertainty Caused by US Tariff Hikes After rebounding over 35% over the weekend, XRP price has dropped around 20% in the past two days to trade about $2.32 on Tuesday, during the mid-London session. The large-cap altcoin with a fully diluted valuation of about $242 billion and a 24-hour average trading volume of around $11.6 billion, has been forming a potential reversal pattern since early December 2024. From a technical analysis standpoint, XRP price has been forming a potential head and shoulders (H&S) pattern, coupled with a bearish divergence of the Relative Strength Index (RSI). In case of further crypto selloff, XRP price will likely retest the support level around $1.69, which coincides with the daily 0.786 Fibonacci Extension. https://www.coinspeaker.com/xrp-price-prediction-ripple-backed-xrp-22-selloff-macroeconomic-uncertainty/
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Best Crypto to Buy Now After XRP Overtakes Tether to Become Third Biggest Crypto The rumors were true. Donald Trump is indeed serious about making the US a global hub for crypto. He just announced the creation of a National Crypto Reserve that will include XRP, SOL, and ADA, as well as BTC and ETH. As a result, XRP surged over 30%, overtaking USDT to become the third-largest cryptocurrency in the world, with a market capitalization of over $153B. In addition to the price boost, the number of active addresses is also up. This means XRP is seeing an influx of new investors, signifying increased interest and confidence. We unpack the implications and explore some of the best crypto to buy now. https://www.newsbtc.com/news/best-crypto-to-buy-now-after-xrp-overtakes-tether-to-become-third-biggest-crypto/
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Philip
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Ethereum’s Pectra upgrade could lay groundwork for next market rally The Pectra upgrade aims to significantly reduce Ether selling pressure, potentially contributing to long-term price appreciation. Ethereum’s highly anticipated Pectra upgrade could set the stage for the next phase of the 2025 crypto market cycle, according to analysts, even as Ether continues to underperform Bitcoin. Ethereum’s upcoming Pectra upgrade, scheduled for March 5, could help ease long-term selling pressure, according to Gabriel Halm, a research analyst at blockchain intelligence firm IntoTheBlock: “While Ethereum’s upcoming Pectra upgrade won’t necessarily trigger an instant price bump, it marks a significant step forward in the ongoing improvements to the Ethereum ecosystem. By reducing consensus overhead and boosting L2 scalability, it will expand the network’s overall capacity, thereby enhancing its competitive edge.” https://cointelegraph.com/news/ethereum-pectra-next-eth-price-catalyst
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Hubpay, Aquanow Launch Regulated Crypto Payments in UAE Hubpay, a United Arab Emirates-based cross-border payments platform, has partnered with Aquanow, a digital asset infrastructure provider, to launch a regulated cryptocurrency payments facility for businesses in the Middle East country. Hubpay, a United Arab Emirates (UAE)-based cross-border payments platform, has partnered with digital asset infrastructure provider Aquanow to launch a regulated cryptocurrency payments facility tailored for businesses and small to medium-sized enterprises (SMEs) operating in the Middle East country. The collaboration enables businesses operating in the country to accept cryptocurrency payments alongside fiat currency. https://news.bitcoin.com/hubpay-aquanow-launch-regulated-crypto-payments-in-uae/
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