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Crypto Shares Slide as Bitcoin Falls Below $83,000

Bitcoin fell below $83,000 on Monday. Crypto shares slid in overnight trading. Strategy, Canaan fell over 6%; MARA, Bit Digital fell nearly 6%; Coinbase, CleanSpark fell around 5%.

Michael Saylor Urges US to Buy 25% of Bitcoin Supply

Michael Saylor has proposed that the United States government acquire up to 25% of Bitcoin’s (CRYPTO:BTC) total supply by 2035 as part of a long-term strategy for economic growth.  

“Acquire 5-25% of the Bitcoin network in trust for the nation through consistent, programmatic daily purchases between 2025 and 2035, when 99% of all BTC will have been issued,” suggested Saylor in a document titled A Digital Assets Strategy to Dominate the 21st Century Global Economy.

Deepfakes of Singapore PM Used to Sell Crypto

Deepfakes of Singapore Prime Minister Lawrence Wong are circulating online and being used to sell cryptocurrency, money-making schemes and permanent residency application services, the country’s leader said on Friday.

In posts on social media platforms Facebook and X, Wong said he has seen some of the videos online. He urged people to stay vigilant and to not respond to such scams or share personal information. The posts included screenshots of Wong beneath a red sign declaring they were scams.

Singaporean Charged with US$230 Million Bitcoin Theft Blows US$500,000 a Night in Clubs

Singaporean Malone Lam – arrested and charged over one of the biggest crypto heist in the US – splurged up to US$500,000 a night at clubs and was seen giving Hermes Birkin bags to models and influencers in his lavish outings.

The US Department of Justice (DOJ) said the 20-year-old and co-accused, American Jeandiel Serrano, 21, were arrested in September 2024 and charged with “conspiracy to steal and launder over US$230 million in cryptocurrency from a victim in Washington, DC”. At today’s prices, the 4,100 stolen Bitcoin are worth more than US$450 million.

Crypto Exchange Kraken Preparing for IPO in 2026

Cryptocurrency exchange Kraken is readying to go public amid a friendlier regulatory climate in the US under President Donald Trump.

Known officially as Payward Inc., Kraken is seeking to go public as soon as the first quarter of next year, according to people with knowledge of the matter who asked for anonymity because the decision hasn’t been made public. The plans could still change before then, one of the people said.

Bitcoin, Ethereum Trading Services To Be Offered By Spain's Second-Largest Bank

Spanish banking heavyweight Banco Bilbao Vizcaya Argentaria SA, better known as BBVA, said Monday it secured regulatory consent to launch trading services for Bitcoin and Ethereum in the country.

BBVA received approval from Spain’s securities regulator, Comisión Nacional del Mercado de Valores, to offer trading services for the two largest cryptocurrencies by market capitalization, a Reuters report said. The bank, the second-largest in Spain after Banco Santander, is gearing up to introduce a service that will allow its customers to purchase, sell, and manage transactions securely via its app.

Bitcoin Spot ETF Flow

The overall net outflow of the US Bitcoin spot ETF on Friday (Mar 7) was $409.21 million. The total net asset value of Bitcoin spot ETFs is $98.48 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 5.71%.

The Bitcoin spot ETF with the highest net inflow on Mar. 7 was VanEck Bitcoin Trust ETF, with a net inflow of $619.55K. The Bitcoin spot ETF with the highest net outflow on Mar. 7 was ARK 21Shares Bitcoin ETF, with a net outflow of $160.03 million.