Author: Tristan Lodenberg

The government of Bhutan has transferred 175 BTC, valued at about $11.8 million, from its national cryptocurrency holdings, according to on chain data from Arkham Intelligence. The funds were sent from a primary government wallet to another address created roughly a month earlier. Blockchain records show the destination address previously received 184 BTC from Bhutan. While the recently transferred 175 BTC remain in that wallet, the earlier batch was later sent to a separate address that has accumulated more than 1,900 BTC since 2024. Bhutan’s Bitcoin Strategy and Periodic Sales Analysts note that Bhutan has periodically moved Bitcoin in similar…

The decentralized exchange Hyperliquid has recorded a surge in activity on its permissionless perpetual futures platform, with open interest climbing to a record $1.2 billion. The growth has been driven largely by tokenized futures tied to traditional assets such as oil, gold and equities rather than cryptocurrency pairs. The platform’s HIP-3 market, launched in October, allows users to create perpetual futures contracts linked to almost any asset. According to data from ASXN, total open interest representing the value of all active contracts — reached an all-time high on Sunday and has remained elevated. Oil and Equity Contracts Lead Market Activity…

US-listed spot exchange-traded funds tied to Bitcoin recorded $167 million in net inflows on Monday, ending a two-day period of heavy withdrawals. The renewed demand came as Bitcoin approached the $70,000 level, drawing investor attention back to the largest digital asset. Data from SoSoValue shows the inflows followed approximately $577 million in combined outflows recorded on Thursday and Friday. The return of capital suggests investors are cautiously re-entering Bitcoin-related investment products after the recent market volatility. Altcoin ETFs Continue Multi-Day Outflow Trend While Bitcoin ETFs saw renewed demand, funds linked to other digital assets continued to experience selling pressure. ETFs…

The blockchain network Tron has joined the Agentic AI Foundation, an initiative created under the Linux Foundation to advance open infrastructure for agentic artificial intelligence systems. The move places Tron on the foundation’s governing board, where it will collaborate with other participants including Circle and JPMorgan. The goal of the organization is to build standards and open frameworks that support the development and safe operation of autonomous AI agents. Tron’s decentralized autonomous organization said the rise of agentic AI will likely generate continuous streams of small value transactions, requiring scalable networks capable of processing high volumes efficiently. Founder Justin Sun…

Bitmine Immersion Technologies has transferred roughly 9,600 ETH, valued at about $19.5 million, to wallets associated with Coinbase Prime, according to blockchain tracking data from Arkham Intelligence. The movement occurred through two separate transactions. The first transfer involved 5,300 ETH worth approximately $10.75 million, followed later by another transfer of 4,308 ETH valued at about $8.74 million. Both transactions passed through an intermediate wallet before reaching Coinbase Prime hot wallets, a pattern commonly used for institutional custody operations. Transfer May Not Indicate Immediate Selling Large on-chain transfers often attract market attention because they can sometimes precede major sales. However, transfers…

Vitalik Buterin has outlined a vision for easier institutional participation in Ethereum staking through a simplified validator framework known as DVT-lite. The concept focuses on reducing the technical complexity of operating staking infrastructure while maintaining network reliability. According to Buterin, the Ethereum Foundation used this simplified distributed validator technology to stake 72,000 ETH in February. The assets are currently waiting in the validator entry queue and are expected to become active around March 19. DVT-lite allows operators to configure several computers to run nodes using the same validator key. Once the configuration file is created, the setup process becomes largely…

Sharplink Gaming reported a net loss of $734.6 million for 2025 as the crypto market downturn in the second half of the year sharply reduced the value of its digital asset holdings. The company attributed the majority of the loss to a $616.2 million paper loss on its treasury of Ethereum. Sharplink disclosed that it currently holds 868,699 ETH, accumulated as part of its strategy to operate as an Ethereum treasury company. The firm also recorded an additional $140.2 million impairment charge tied to the conversion of its staked Ether. Ethereum Price Drop Impacted Treasury Value Ethereum experienced strong growth…

NFT lending platform Gondi is working to compensate users after a smart contract exploit resulted in the theft of digital collectibles valued at roughly $230,000. The security breach was linked to a recently deployed update to the platform’s Sell & Repay contract, which is designed to allow borrowers to sell escrowed NFTs and automatically repay loans in a single bundled transaction. According to the platform, a new contract version released on February 20 introduced faulty logic in the “Purchase Bundler” function. The flaw reportedly failed to properly verify whether the caller interacting with the contract was the legitimate owner or…

Oil markets fell sharply while cryptocurrencies recorded modest gains after mixed statements from US President Donald Trump regarding the ongoing conflict involving Iran. In a phone interview with CBS News, Trump suggested that the military conflict was nearing its conclusion, saying the war appeared “very complete” and that Iranian military capabilities had been significantly weakened. The US military has reportedly struck more than 3,000 targets in Iran during the first week of operations. Following those remarks, oil prices dropped sharply. Crude fell from a four-year high near $118 to around $85 within hours, reflecting market expectations that the conflict might…

A renewed debate over crypto taxation has emerged in the United States Senate as lawmakers review a broader digital asset market structure bill. Wyoming Senator Cynthia Lummis has revived her proposal to create a de minimis tax exemption that would allow small cryptocurrency transactions to avoid capital gains taxes. Under the proposal, crypto payments valued at less than $300 would not trigger taxable events. The plan also sets an annual cap of $5,000 for such exempt transactions. The initiative is designed to make digital assets easier to use for everyday payments, particularly for assets like Bitcoin, which currently face capital…