Cryptonews

Our global benchmark flirted with the $116 mark before retreating like a bashful suitor, marking a theatrical increase of more than 60% since the end of February, when prices languished below $73 like a forgotten coat in a dusty closet. This latest drama unfolds after a series of Iranian missiles and drones took aim at the very lifeblood of oil and gas facilities across Qatar, Kuwait, the UAE, and Saudi Arabia-quite the international soirée, wouldn’t you agree?

Our tale begins with the illustrious Animoca Brands, a digital assets firm hailing from the bustling streets of Hong Kong. They have boldly declared a strategic investment in the illustrious Ava Labs, the creators of the Avalanche blockchain. This dynamic duo aims not only to deploy capital but to ignite the adoption of the Avalanche ecosystem, particularly in the thriving landscapes of Asia and the Middle East. A match made in blockchain heaven, one might say.

The deal arrives at a moment when Hyperliquid is no longer merely a crypto-perps venue but a veritable circus of oil, gold, and other non-crypto spectacles. Wall Street, ever the cautious spectator, watches as the platform’s midnight antics outshine its daytime counterparts. One wonders if the S&P 500’s new 24/7 perch is a triumph of progress or a desperate attempt to keep up with the times.

Behold, the exchange netflow-a monstrous -141,471,460,000 SHIB! A number so vast it could fund a small nation’s space program, or at least its central bank’s coffee fund. Yet here we are, sipping on volatility as if it were fine wine.

Singapore’s crypto titan, Crypto.com, now surveys its diminished ranks, a mosaic of 1,500 souls reduced to 1,320, as it seeks solace in the embrace of artificial intelligence-a savior or a specter, depending on whose ledger you trust.

Their shiny new ticker, MSBT, is supposed to let you own a piece of Bitcoin without actually touching the stuff. Because who needs the hassle of a wallet, passwords, or the existential dread of losing your life savings to a hacker? Not us, thanks!

According to the ill-fated publication known as Digital Asset, the opposition party in South Korea has introduced legislation aimed at completely obliterating a proposed 22% tax on cryptocurrency gains, a plan that has already experienced multiple delays and is presently scheduled to take effect on January 1, 2027. How thrilling!

In March, revenue feels like the office gossip you can’t help but pay attention to-still a headline act, but the chatter is feeling a bit flat.

Rayhaneh Sharif-Askary, Grayscale’s intrepid product and research leader, informs us that the market is now in a “new phase”-a phrase that seems to imply the previous one was a mere prelude to a play within a play. Investors no longer ask, “What is crypto?” (a question as quaint as asking what a wheel is). Instead, they demand to know how to distribute their funds across this alphabet soup of acronyms. This intellectual leap has compelled Grayscale to refine its analytical tools, though one suspects the real challenge lies in convincing investors that anything other than Bitcoin is worth their time.

Per the almanac of crypto.news, Bitcoin (BTC) dropped from its Wednesday high of $74,700 to a low of $70,660 on Thursday, March 19-like a lead balloon with a death wish. It now hovers at $70,879, down 27% from its year-to-date high of $97,538. A figure so lofty, it might as well be the moon.