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Investigators say the GainBitcoin case involves about 8,000 investors and losses estimated at roughly 6,606 crore rupees ($790 million). India’s Central Bureau of Investigation (CBI) has arrested Ayush Varshney, co-founder and chief technology officer of Darwin Labs Private Limited, in connection with the long-running GainBitcoin cryptocurrency fraud investigation. According to a Wednesday press release shared via the CBIs official X account, Varshney was detained at Mumbai airport on Monday while attempting to leave India after a Look Out Circular had been issued against him. He was formally arrested and handed over to the CBI on Tuesday. The CBI said Darwin Labs played a central role in building the technological infrastructure used by the alleged scheme, including the GainBitcoin investor platform and associated tools used to manage payments and wallets. Read more
Democratic Senator Adam Schiff introduced a bill to ban prediction markets related to war, death and terrorism amid escalating insider trading concerns related to military operations. US Democratic Party Senator Adam Schiff introduced legislation Tuesday that would explicitly bar federally regulated prediction-market platforms from listing contracts tied to war, terrorism, assassination and individual deaths. The bill, called the DEATH BETS Act, would amend the Commodity Exchange Act to make those contracts prohibited for entities overseen by the US Commodity Futures Trading Commission (CFTC). In a statement announcing the bill, Schiff said markets that let traders profit from violent events create incentives for the misuse of classified information, threaten national security and encourage violence. He said prediction markets had become a “Wild West” and called for Congress and the CFTC to make clear that such “death bets” are not allowed. Read more
AI scaling drains trillions in energy while amplifying errors. Neurosymbolic reasoning and decentralized cognitive systems deliver reliable intelligence without the risk. Opinion by: Mohammed Marikar, co-founder at Neem Capital Artificial intelligence has consistently been defined by scale, so far — bigger models, faster processing, expanding data centers. The assumption, based on traditional technology cycles, was that scale would keep improving performance and, over time, costs would fall and access would expand. That assumption is now breaking down. AI is not scaling like other software. Instead, it is capital-intensive, constrained by physical limits, and hitting diminishing returns far earlier than expected. Read more
The US banking giant seeks trademark protection for “WFUSD,” covering crypto trading, payments, staking software and blockchain-based financial services. US banking giant Wells Fargo has filed a trademark application covering a wide range of cryptocurrency trading, payments and blockchain software services. A filing submitted to the US Patent and Trademark Office (USPTO) on Tuesday seeks protection for the name “WFUSD.” The application is currently awaiting assignment to an examining attorney, according to official trademark records. The filing outlines a broad list of potential products and services linked to digital assets, including “cryptocurrency trading services; cryptocurrency exchange services; cryptocurrency payment processing; financial brokerage services for cryptocurrency trading; electronic transfer of virtual currencies.” Read more
Binance filed a lawsuit after the Wall Street Journal reported a Justice Department probe into Iran’s alleged use of the exchange to avoid sanctions. Update, March 11, 1:00 pm UTC: This article has been updated to add a statement by Binance that the exchange filed a defamation lawsuit against the Wall Street Journal. Binance said Wednesday it is suing the Wall Street Journal after the newspaper reported that the US Justice Department was investigating whether Iran used the crypto exchange to evade US sanctions. Binance filed a defamation lawsuit against the Journal in the Southern District of New York, seeking damages and legal fees, and demanding a jury trial. Read more
The European Central Bank has launched Appia to guide Europe’s tokenized financial ecosystem anchored in central bank money, with early Pontes pilots planned for 2026. The European Central Bank (ECB) on Wednesday published its Appia roadmap, setting out a long-term plan for building tokenized wholesale financial markets in Europe anchored in central bank money. The roadmap is built around two linked initiatives. Pontes is the Eurosystem’s distributed ledger technology settlement solution, while Appia is the broader strategic framework for developing a future tokenized financial ecosystem. The ECB said Pontes is scheduled to launch in the third quarter of 2026. “With Appia, we are building a road from today’s financial system to tomorrow’s tokenized markets, firmly grounded in central bank money,” ECB executive board member Piero Cipollone said. Read more
XRP's weekly chart mirrors the 2017 setup that projects a massive upward rally, but bulls must first break resistance around $2. XRP’s (XRP) weekly price chart is starting to resemble a technical pattern that previously marked a major cycle low and preceded a sharp upside reversal. Key takeaways: XRP's weekly chart fractal resembles the 2017 cycle low before a 1,577% surge. Read more
US prosecutors moved to forfeit $3.44 million in USDt allegedly tied to a crypto investment scam that tricked victims into sending Ether to wallets controlled by fraudsters. US federal prosecutors have filed a civil forfeiture action to recover roughly 3.44 million USDt tied to an alleged online crypto investment scam that targeted victims across several states. According to a Tuesday announcement from the US Attorney’s Office in Boston, the funds were linked to a scheme that persuaded victims to send cryptocurrency to wallets controlled by scammers. Authorities said they seized the USDt (USDT) in February and March 2025, and are now asking a court to authorize the permanent forfeiture of the assets. “In such fraud schemes, scammers obtain funds from victims using manipulative tactics,” prosecutors said, adding that they establish a level of trust with a victim and then entice the victim into investing in a fraudulent investment scheme. Read more
Capo, an external oracle solution used by Aave, triggered around $27 million in liquidations after a pricing glitch, but the lending platform said it is stepping in to cover the losses. A configuration error in a risk-oracle system used by crypto lending platform Aave triggered the liquidation of about $27 million in wrapped staked Ether (wstETH) positions, prompting the protocol to move to compensate affected users. In a post-mortem published Tuesday, Aave said about 10,938 wstETH worth around $27.1 million was liquidated after the protocol applied an exchange rate that was 2.85% below the live market rate for wstETH and Lido staked Ether. The issue stemmed from a mismatch between pricing parameters and timestamp data in the oracle configuration, which caused the system to calculate a maximum allowed exchange rate below the actual rate onchain. Read more
US spot Bitcoin ETFs continued their March rally, with cumulative monthly inflows reaching $1.56 billion, while XRP ETF selling eased as top holders were revealed. US spot Bitcoin exchange-traded funds (ETFs) saw increased inflows on Tuesday, even as BTC dipped below $70,000. Spot Bitcoin (BTC) ETFs recorded $251 million in inflows, building on Monday’s $167 million in gains, according to SoSoValue data. The inflows continue a positive trend in March, with cumulative monthly gains now at $1.56 billion versus $576.6 million in outflows. Read more
Tokenized real-world assets have surged 66% in 2026, with funds, gold and equities driving growth across public blockchains. The value of tokenized real-world assets (RWAs) on public blockchains has climbed about 66% in 2026, reaching roughly $23.6 billion as of Wednesday, according to DeFiLlama data. The market stood at around $14.1 billion on Jan. 1 before steadily rising through early March. Tokenized funds, including products backed by US Treasury bills, bonds and money market funds, account for the largest share of the sector. DeFiLlama data shows tokenized funds represent about 44.5% of the total market with $10.5 billion in value, followed by tokenized gold and commodities at roughly $6.5 billion and tokenized equities at nearly $4 billion. Other segments, including private credit and yield-generating products, make up smaller portions of the onchain RWA ecosystem. Read more
Bitcoin open interest sparked a prediction of high BTC price volatility to come as $70,000 remained the bulls' key reclaim level. Bitcoin (BTC) traded sideways on Wednesday as traders weighed geopolitical risk and waited for a break from its recent range. Key points: Bitcoin traders are waiting for the end of rangebound price action, with the focus on $70,000. Read more
Ripple APAC managing director Fiona Murray said there was sufficient institutional interest in Australia to warrant the costs of acquiring an Australian Financial Services License. Crypto company Ripple said it is set to secure a key financial services license in Australia through the acquisition of an Australian payments firm, adding to an international license grab over the last year. In a statement on Tuesday, Ripple said it will buy BC Payments Australia, a corporate entity tied to the European Banking Circle Group, allowing it access to the company’s Australian Financial Services License (AFSL), which is set to become a requirement for certain crypto companies to provide financial services in the country. The acquisition of BC Payments Australia is set to close on April 1, according to a report from The Australian, citing comments from Ripple APAC managing director Fiona Murray. Read more
The prediction markets platform argued for an injunction against Ohio authorities, claiming that federal commodities laws superseded state laws on sport event contracts. An Ohio federal court has denied a motion filed by prediction markets platform Kalshi for a preliminary injunction against Ohio state authorities over allegations that the company was operating in violation of gambling laws. In an order filed Monday, US District Court for the Southern District of Ohio Chief Judge Sarah Morrison denied Kalshi’s request for an injunction that would have blocked the Ohio Casino Control Commission and state attorney general from regulating contracts on the platform, specifically for sports betting. According to the judge, Kalshi had failed to show that the sports event contracts available on the platform were subject to the “exclusive jurisdiction” of the Commodity Futures Trading Commission (CFTC). Read more
Bearish Ether derivatives data and slowing network use weigh on ETH price, even as developers plan for faster transactions and more flexible wallet fees. Key takeaways: Ether price struggled as investors pulled $225 million from the spot ETFs, and Ethereum staking rewards underperformed compared to stablecoin yields. Recent Ethereum network upgrades and plans for improved wallet security are positives, but fail to kickstart demand for Ether. Read more
Shares of the stablecoin issuer have seemingly decoupled from the broader crypto market, gaining 49% this year and doubling since early February. Circle Internet Financial is among Wall Street’s best-performing stocks so far in 2026, and analysts at Bernstein believe the rally could continue as stablecoin adoption accelerates. In a recent note to clients, Bernstein reiterated its “Outperform” rating on CRCL stock and set a $190 price target, which typically reflects analysts’ expectations for a stock over the next 12 months. Despite a volatile end to 2025, Circle shares appear to have decoupled from the broader cryptocurrency market, which has been under pressure since October following a major leveraged liquidation event. Read more
The collaboration will provide custody and trading infrastructure as StableX builds a $100 million digital asset treasury focused on stablecoins. BitGo will provide custody and trading services for StableX Technologies’ digital asset treasury as it plans to acquire up to $100 million in crypto tokens tied to the stablecoin sector. According to Tuesday’s announcement, BitGo Bank & Trust, N.A. will serve as the custodian for StableX’s digital asset holdings, while BitGo’s trading platforms will help execute the company’s planned acquisitions through its over-the-counter liquidity desk. StableX (SBLX) is a publicly traded company focused on stablecoin infrastructure and related technologies. Shares of the Nasdaq-listed company gained as much as 9% in afternoon trading following the news, before closing up 1.6%. Read more
Paul Atkins said that he had stopped ”duplicative enforcement actions” between the SEC and CFTC, stressing the need for a coordinated approach. Paul Atkins, chair of the US Securities and Exchange Commission (SEC), said that an agreement with the Commodity Futures Trading Commission (CFTC) would lead to a new level of “coordination and collaboration,” including on enforcement. In a Tuesday speech for the FIA Global Cleared Markets Conference in Florida, Atkins said that the SEC and CFTC were considering an updated memorandum of understanding on coordination between the two federal regulators. The SEC chair did not explicitly mention oversight of digital assets, but said “the regrettable era of duplicative enforcement actions and conflicting remedial obligations for the same conduct is over.” “Conduct in a single operating environment means that the SEC and CFTC, within the bounds of their independent statutory authority and regulatory interests, should coordinate legal theories and remedial strategies,” said ...
Bitcoin is the frontrunner in the crypto market, while 36% of altcoins trade near their all-time lows. Do altcoin price metrics suggest an altseason is next? Bitcoin’s (BTC) recent recovery above $71,000 suggests that the price bottom is officially in, and bullish momentum can be seen across the crypto market. TOTAL2, which tracks the market cap of all crypto assets excluding Bitcoin, has held support at its 200-week moving average, but is an altcoin season in the making? The divergence between Bitcoin’s rally and the muted altcoin price action is beginning to draw attention to altseason indicators, raising the question of whether the broader market may soon follow BTC’s lead. The TOTAL2 market cap peaked near $1.7 trillion in October 2025 but currently sits at $970 billion, a drawdown of roughly 43%. The decline accelerated in January after the market cap broke a three-year ascending trendline near $1.15 trillion. Read more10222 items