Bitcoin | Crypto

The bill proposes exempting dollar-pegged stablecoins from gains or losses if the tokens remain tightly pegged to the underlying fiat currency. US Representatives Max Miller and Steven Horsford published a discussion draft bill on Thursday titled the ‘‘Digital Asset Protection, Accountability, Regulation, Innovation, Taxation, and Yields Act’’ or the ‘‘Digital Asset PARITY Act,” to overhaul the tax code for digital assets. The Digital Asset PARITY Act seeks to overhaul the Internal Revenue Code of 1986 by adding provisions that would clarify the tax treatment of digital assets. The legislation said that stablecoins are not subject to gains if the cost basis, or the amount paid by the investor, does not fluctuate by more than 1% of $1 or $0.01, according to the discussion draft.  Read more

David Sacks leaves office with wins for crypto infrastructure, while Bitcoin holders are still waiting David Sacks is out of the formal White House crypto czar role after exhausting the 130-day limit attached to his special government employee status. The change closes the clearest window for a scorecard. The record is substantial, yet it falls […] The post White House crypto czar leaves office after securing crypto wins for banks and institutions instead of Bitcoin appeared first on CryptoSlate.

Bitcoin is moving deeper into US household finance as homebuyers squeezed by high borrowing costs and limited supply look for new ways to fund a down payment without selling their digital assets. On March 26, Better Home & Finance and Coinbase launched a structure that lets eligible borrowers pledge Bitcoin or USD Coin (USDC) stablecoin […] The post Homebuyers can now borrow against Bitcoin to get a mortgage without selling or liquidation risk appeared first on CryptoSlate.

Bitcoin joined a risk-asset rout as oil-supply nerves sparked major US inflation warnings, with $70,000 in place as new BTC price resistance. Bitcoin (BTC) neared $66,000 at Friday’s Wall Street open as analysis called US inflation trends “objectively unsustainable.” Key points: Bitcoin drops further on oil-supply woes as Iran closes the Strait of Hormuz. Read more

Markets are yet to fully price in three major catalysts for XRP, while big Bitcoin traders are just waiting for the war to end. Trade Secrets

Bitcoin grabbed downside liquidity as oil-supply pressure sent BTC price action below $66,500 to its lowest levels since March 9. Bitcoin (BTC) neared three-week lows into Friday’s Wall Street open amid reports of Iran closing the Strait of Hormuz oil route. Key points: Bitcoin reacts badly to fresh oil-supply threats ahead of Friday’s Wall Street open. Read more

Bitcoin fell back toward $65,000 on Friday as investors cut exposure to risk assets after another round of Middle East tensions kept oil prices elevated, pushed Treasury yields to their highest levels in months, and lifted the dollar. According to CryptoSlate's data, BTC dumped nearly 5% to around $66,484, its lowest price since the beginning […] The post Bitcoin drops toward $65k after new Trump Iran delay sends oil higher, triggering $200M wipeout appeared first on CryptoSlate.

Bitcoin long-term holders continued to expand their holdings, while increased withdrawal from exchanges flashed a classic supply shock warning. Bitcoin (BTC) dropped toward $67,000 during the European trading session on Friday despite an increase in long-term buying. Exchange withdrawals also increased to 16-month highs, suggesting reduced “immediate selling pressure,” a new analysis said. Key takeaways: Bitcoin withdrawals from exchanges increases, reducing BTC available for sale. Read more

Bitcoin price has again been knocked lower by an oil shock, higher Treasury yields, erased rate-cut expectations, and a massive Deribit expiry now due to land on top of that already-weakened market. Roughly $14.1 billion in BTC options were set to expire today, Mar. 27, with another $2.2 billion in Ethereum contracts clearing the same […] The post Bitcoin price just collapsed because the macro selloff collided with a $14 billion options expiry this morning appeared first on CryptoSlate.

Bitcoin fell below $67,000 and ether dropped toward $2,000 as equities weakened, oil topped $100 and leveraged longs unwound, signaling fragile sentiment.

GameStop has revealed that it pledged nearly all of its Bitcoin, worth $325 million, as collateral on Coinbase as part of a covered-call strategy. GameStop revealed on Tuesday that it pledged nearly all of its Bitcoin as collateral on Coinbase as part of a covered call strategy in January, ending two months of speculation over whether it had sold the coins. In a 10-K annual report to the Securities and Exchange Commission on Tuesday, the video game retailer revealed it pledged 4,709 Bitcoin (BTC), nearly all of its Bitcoin, as collateral under an agreement with Coinbase Credit, using the position to sell covered call options. The SEC filing clears speculation from January that GameStop was preparing to exit its Bitcoin position after onchain analysts pointed out that it transferred its entire Bitcoin holdings to Coinbase Prime. Read more

Bitcoin’s total supply in profit metric fell below 50% in February, a threshold linked to previous BTC accumulation phases. Does data predict a similar outcome? The total Bitcoin (BTC) supply in profit stands at 60.6% on Thursday, continuing to move within a range historically associated with market cycle resets. The metric previously dropped to 50.8% on Feb. 5, its lowest level since January 2, 2023, leaving a large share of holders at breakeven or at a loss. Similar conditions in the past cycles have preceded strong upside moves. In January 2023, BTC traded at $16,682 when profitability levels were comparable at 51%, before rallying 655% to $126,000 in 2025. A similar setup occurred in March 2020, when the total supply in profit fell below 50% as BTC traded at $6,500, ahead of a move to $69,000 in 2021. Read more

Bitcoin fell alongside stocks as investors weighed conflicting accounts regarding Iran’s willingness to end conflict in the Middle East.

Bitcoin mass adoption by institutional investors has resumed, but global instability and the risk of rising US inflation put a lid on BTC’s breakouts above $70,000. Bitcoin’s (BTC) consolidation continued into Thursday as bulls struggled to keep hold of $70,000, and competing narratives on BTC’s market structure versus its increasing institutional adoption clashed with the bearish overarching factors negatively impacting US equity markets.  Citing Bernstein’s $150,000 by the end of 2026 price estimate, Bloomberg analysts said that data shows institutional investors returning to the Bitcoin markets in droves, reinforcing the view that BTC had “reached a floor.”    In early March, a week-long stretch of inflows to the spot Bitcoin ETFs nearly topped $1 billion, while Strategy purchased 22,237 BTC for $1.6 billion through its new perpetual preferred equity, Stretch (STRC). In addition to the success of STRC, Strategy also unveiled plans to raise capital to buy $44.1 billion in additional Bitcoin.  Read more

The corporate Bitcoin treasury boom is losing oxygen: a $100 billion public-company bet has shrunk, buying has collapsed outside Strategy (formerly MicroStrategy), and the financing model that drove the trade is starting to fail. Data from CryptoQuant show that the Michael Saylor-led company bought about 45,000 Bitcoin over the last 30 days, the largest 30-day […] The post The $100 billion corporate Bitcoin surge is down to one buyer as other companies stop adding appeared first on CryptoSlate.

Bitcoin lost its grip on $70,000 amid inflation and recession talk as analysis suggested that BTC price action lacked "outright stress." Bitcoin (BTC) daily losses approached 3% at Thursday’s Wall Street open as markets stayed on edge over fresh Iran tensions. Key points: Bitcoin slips from $70,000 as markets continue to observe Iran developments. Read more

MARA Holdings sold 15,133 Bitcoin for roughly $1.1 billion in March to buy back $1 billion of zero-coupon convertible notes at a discount, reducing its convertible debt by roughly 30%. MARA Holdings sold more than $1 billion of Bitcoin in March to repurchase convertible debt at a discount, using its BTC holdings to reduce leverage, the company said Thursday. In a US Securities and Exchange Commission filing, the largest listed US Bitcoin miner said it would buy back about $1 billion of zero-coupon convertible notes due 2030 and 2031 for roughly $913 million in cash, capturing about $88 million in savings, or close to a 9% discount to par.  The company said it sold 15,133 Bitcoin (BTC) for around $1.1 billion between March 4 and March 25 to fund the transactions, which it said will cut its outstanding convertible debt by about 30% to roughly $2.3 billion once the deals close at the end of the month. According to Bitcointreasuries.net, MARA now holds 38,689 BTC on its public balance sheet. Read more

Morgan Stanley’s spot Bitcoin exchange-traded fund (ETF) appears close to launch, giving Wall Street one of its clearest signs yet that a major US bank is ready to put its own name directly on a BTC product. On March 25, the New York Stock Exchange (NYSE) posted a listing notice for the Morgan Stanley Bitcoin […] The post Morgan Stanley’s first bank-issued Bitcoin ETF is “imminent” – will sell BTC directly to clients appeared first on CryptoSlate.

With its latest transfer of Bitcoin to exchanges, Bhutan has reduced its sovereign holdings to 4,453 BTC from nearly 13,000 BTC in late 2024.

A $176 million Bitcoin theft tied to a seed phrase leak reveals how simple surveillance can bypass crypto security and drain entire wallets. In crypto, security is usually regarded as a technical issue. You are asked to safeguard your private keys, rely on a hardware wallet and steer clear of phishing links. Yet a prominent case in the UK reveals that the real vulnerability in this case might have had nothing to do with code. The UK High Court is currently reviewing a case involving the alleged theft of 2,323 Bitcoin (BTC), worth about $176 million. The theft did not stem from hacking or malware. Instead, it began with a seed phrase being exposed, which became the single point of failure in self-custody. The dispute centers on Ping Fai Yuen, who claims that his estranged wife, Fun Yung Li, and her sister gained access to his Bitcoin by secretly recording his wallet’s recovery information. Read more