Crypto News
Brent Crude Oil Surges to $86 per Barrel, Up 4.36% intradayLookonchain, about 21 hours ago
March 6: Brent crude oil rose to $86 per barrel, up 4.36% intraday, per Bitget market data.
JPMorgan: Oracle Stock Price Is Overly DiscountedLookonchain, about 21 hours ago
March 6 – A JufuRay analyst noted in a report that investors are underappreciating Oracle’s (ORCL.N) upside potential. Despite the company’s core software business remaining highly profitable and strong optimism around artificial intelligence (AI), Oracle’s stock has fallen roughly 36% from its September high. Separately, sources familiar with the matter told FX678 that the cloud computing provider plans to cut thousands of jobs across multiple departments, amid cost pressures from AI data center expansion. Oracle shares traded up 1% in premarket trading. (FX678)
Mainstream Perp DEX Overview: Overall platform trading volume dropped by about 30%, with EdgeX trading volume experiencing a slight increase and currently ranking secondLookonchain, about 21 hours ago
 - **EdgeX**: 24h trading volume ~$30.4B | TVL ~$1.81B | Open interest ~$10.6B - **Aster**: 24h trading volume ~$27.7B | TVL ~$9.87B | Open interest ~$19.6B [Link](https://www.asterdex.com/zh-CN/referral/aboter) - **Lighter**: 24h trading volume ~$21.3B | TVL ~$6.84B | Open interest ~$6.95B [Link](https://app.lighter.xyz/?referral=70045843) - **Grvt**: 24h trading volume ~$17.1B | TVL ~$1.01B | Open interest ~$4.98B - **Pacifica**: 24h trading volume ~$4.54B | TVL ~$36.12M | Open interest ~$67.79M [Link](https://app.pacifica.fi/?referral=pacbot) ### Notes on U.S. English Adaptations: 1. **Clarity for abbreviations**: Added "(decentralized exchanges)" on first mention of DEX; used "perp DEXs" (common slang in U.S. crypto circles) for brevity later. 2. **Concise phrasing**: Replaced "experienced a slight cooling" with "cooled slightly" (more natural in U.S. news); used "fell significantly" instead of "has significantly dropped" for active voice. 3. **Data formatting**: Used "~" (tilde) for approximate values (standard in U.S. financial/crypto reporting); abbreviated "24-hour" to "24h" for readability. 4. **Structure**: Organized rankings with bullet points and clear labels (24h volume/TVL/open interest) to match U.S. news layout preferences. All original data points and links are preserved without modification.](https://assets.coingecko.com/articles/images/106532855/large/data.?1772795025)
### Major Perpetual Futures DEXs See Slight Cooling in Trading Activity (March 6) – DefiLlama Data On March 6th, DefiLlama data shows that trading activity across mainstream perpetual futures decentralized exchanges (DEXs) cooled slightly today. 24-hour trading volumes on most platforms dropped significantly from yesterday, while open interest remained relatively stable with no notable outflow of leveraged funds. Below are the current rankings of major perp DEXs by 24-hour trading volume: - **Hyperliquid**: 24h trading volume ~$73.4B | TVL ~$43.8B | Open interest ~$57.8B [Link](https://app.hyperliquid.xyz/join/NTOD) - **EdgeX**: 24h trading volume ~$30.4B | TVL ~$1.81B | Open interest ~$10.6B - **Aster**: 24h trading volume ~$27.7B | TVL ~$9.87B | Open interest ~$19.6B [Link](https://www.asterdex.com/zh-CN/referral/aboter) - **Lighter**: 24h trading volume ~$21.3B | TVL ~$6.84B | Open interest ~$6.95B [Link](https://app.lighter.xyz/?referral=70045843) - **Grvt**: 24h trading volume ~$17.1B | TVL ~$1.01B | Open interest ~$4.98B - **Pacifica**: 24h trading volume ~$4.54B | TVL ~$36.12M | Open interest ~$67.79M [Link](https://app.pacifica.fi/?referral=pacbot) ### Notes on U.S. English Adaptations: 1. **Clarity for abbreviations**: Added "(decentralized exchanges)" on first mention of DEX; used "perp DEXs" (common slang in U.S. crypto circles) for brevity later. 2. **Concise phrasing**: Replaced "experienced a slight cooling" with "cooled slightly" (more natural in U.S. news); used "fell significantly" instead of "has significantly dropped" for active voice. 3. **Data formatting**: Used "~" (tilde) for approximate values (standard in U.S. financial/crypto reporting); abbreviated "24-hour" to "24h" for readability. 4. **Structure**: Organized rankings with bullet points and clear labels (24h volume/TVL/open interest) to match U.S. news layout preferences. All original data points and links are preserved without modification.
Culper Shorts Ethereum, Says Buterin Selling Signals More Pain AheadNewsBTC, about 21 hours ago
Culper Research disclosed a short position in ether and ETH-linked securities on Thursday, arguing that Ethereum’s post-upgrade economics have deteriorated enough to put sustained downside pressure on the token. The firm pointed directly at Ethereum’s December 2025 Fusaka upgrade, and at Vitalik Buterin’s recent sales, as evidence that “ETH is going lower.” “NEW: We are short Ether ETH, and ETH-linked securities, incl. BMNR,” Culper wrote on X. “We think ETH tokenomics are impaired following the December 2025 Fusaka upgrade. Vitalik knows it and is selling, while ETH’s most ardent bull, Tom Lee, is throwing good money after bad.” Why Culper Is Shorting Ethereum Culper’s core claim is that Fusaka’s L1 scaling changes altered Ethereum’s demand-fee dynamic more dramatically than expected. The firm pointed to a gas limit increase “45 to 60M” that it said was intended to scale Ethereum’s base layer, alongside estimates that “Vitalik and PTG” believed fees would drop 10% to 30%. Culper contends the realized outcome was far more severe: “In reality, gas fees fell ~90%,” it wrote, adding that Ethereum’s leadership and validators “miscalculated L1 demand elasticity by 3-9x based on outdated math (pre-EIP-1559 and pre-L2s).” Related Reading: Ethereum Price Corrects Gains, Drifts Toward Key Support Zone That fee compression matters, Culper argues, because it ripples into validator economics and staking incentives. “Further, the gas-limit increase killed $ETH validators, who are now seeing 40-50% lower tips per gas,” Culper wrote, claiming that lower yields reduce demand for staking and “high-value activity,” undermining the institutional adoption narrative. “The flywheel is now running in reverse.” The thread frames Tom Lee and BMNR as a prominent counterweight in the ETH bull camp, then attempts to dismantle his post-upgrade read-through. Culper said Lee has defended ether by claiming: “ETH is not in a death spiral because utility is going up.” According to Culper, Lee cited spikes in active addresses and transaction counts after Fusaka as evidence of “strengthening fundamentals” and institutional adoption. Culper’s rebuttal is blunt and largely definitional: “By Lee’s own logic, if ETH activity does NOT reflect increased utility and strengthening fundamentals, then $ETH would be in a death spiral,” it wrote. “Our research says this is exactly what’s happening.” Related Reading: Scaling Ethereum For Mainstream: Robinhood’s Head Of Crypto Lays Out The Vision To explain the activity surge, Culper said its analysis of on-chain data from January 2025 through February 2026 suggests much of the growth was not organic usage, but a wave of low-value address poisoning and wallet dusting enabled by cheaper blockspace. “Post-Fusaka: 95% of growth in new wallets is explained by newly-created ‘dusting’ wallets,” Culper wrote, adding that poisoning attacks have “more than 3x’ed,” that poisoning explains “>50% of $ETH transaction growth,” and that it now constitutes “22.5% of all ETH transactions.” Culper said it validated the phenomenon firsthand, claiming it set up two new wallets, transferred between them, and was targeted by poisoning attacks “within 5 minutes,” while asserting that poisoning losses are “already pacing >8x higher than pre-Fusaka.” Vitalik Is Selling The firm also tried to tie its tokenomics thesis to Buterin’s recent sales activity, portraying it as informed selling rather than routine treasury management. “This is why, we think, Vitalik is selling ETH hand over fist. On January 30, Vitalik pre-announced he’d sell 16,384 ETH to fund the Foundation’s ‘austerity period.’ Since then, he’s sold over 19,300 ETH and counting,” Culper wrote. “He knows what Tom Lee doesn’t: ETH tokenomics are broken.” Culper closed by broadening the bear case into a competition story, claiming ether is losing share to Solana and to Ethereum’s own L2s, and likening ETH’s current position to incumbents that led early eras before being displaced. At press time, ETH traded at $2,080. Featured image created with DALL.E, chart from TradingView.com
Bearish Ethereum Metric Meets 3 Bullish Camps — $2,030 Is Now the Line That MattersBeInCrypto, about 21 hours ago
Ethereum price has stabilized after a volatile two-week move. The move saw the asset rally sharply before giving back part of those gains. ETH climbed nearly 20% from its February 28 low near $1,830 to almost $2,200. Yet, the rally has since cooled, leaving the asset trading close to $2,060 with only about 1% gains in the last 24 hours. The pullback followed a bearish technical signal that historically precedes deeper declines. Yet despite that warning, several market participants appear to be positioning for the opposite outcome. Whale wallets are accumulating, long-term holders are increasing exposure, and derivatives traders remain heavily long. All three groups appear to be defending the same level: $2,030. Hidden Bearish Divergence Tracker Signals Possible Ethereum Drop The first warning sign comes from a hidden bearish divergence that appeared on Ethereum’s 12-hour chart. A hidden bearish divergence forms when price creates a lower high while the Relative Strength Index (RSI) forms a higher high. This pattern typically signals trend continuation to the downside, suggesting that sellers may still control the broader structure even after a rally. Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. ETH Price Makes A Lower High: TradingView The signal was detected by BeInCrypto’s exclusive Hidden Bear Div Tracker, an AI-powered dashboard designed to identify such divergences across crypto charts. The indicator is designed to detect hidden bearish divergences in the near-term trading timeframe. Previous signals recorded by the tracker produced declines of over 5%, 9%, 14%, and 7%. ETH Divergence Tracker: TradingView Since the divergence appeared — although the indicator has not yet tagged a full correction base — Ethereum has already declined about 6.58% from its recent high. That drop places the move at the lower end of the historical range, which stretches to roughly 14%. In other words, if historical patterns repeat, the current decline may not yet be complete. But another dataset suggests the downside could be limited. The $2,030 Supply Cluster Is the Core of Market Optimism On-chain data shows that $2,030 is one of Ethereum’s strongest cost-basis clusters. This helps explain why buyers continue to defend the level. This insight comes from the UTXO Realized Price Distribution (URPD) model. While originally developed for UTXO-based blockchains, the method can also be applied to Ethereum to estimate where large portions of the circulating supply last moved on-chain. These zones often behave as support or resistance. More so, as investors who bought near those prices tend to defend their cost basis. Current URPD data highlights several key clusters: The strongest sits near $2,030, where roughly 1.93% of Ethereum’s supply was last transacted. Another cluster exists near $1,980 with about 1.68% of supply. However, an even larger zone appears near $1,880, holding roughly 2.24%. That could work like a strong support if price conviction remains. Key ETH Clusters: Glassnode Because Ethereum’s price remains above the $2,030 cluster, many market participants appear to believe that this cost-basis zone will hold as support. That belief is visible in how different groups are positioning. Whales, Hodlers, and Derivatives Traders Are All Betting on $2,030 Despite the bearish divergence signal, three major market cohorts are showing bullish positioning around the same level. First, whales have increased their holdings during the pullback. Large Ethereum wallets raised their balances from 113.45 million ETH to roughly 113.6 million ETH on March 4 (when divergence flashed), suggesting accumulation near the support zone. Whales Buying: Santiment Second, long-term holders are also adding exposure. The Hodler Net Position Change, which measures the 30-day rolling accumulation of mid-to-long-term investors, has surged significantly. The metric rose over 4,000% from just 9,454 ETH on February 24 to around 390,292 ETH by March 5, showing sustained accumulation even after the bearish divergence appeared. ETH Holders: Glassnode Finally, derivatives traders are heavily positioned on the long side. Data from the Binance ETH/USDT liquidation map shows roughly $1.07 billion in long leverage compared with only about $357 million in short positions. Liquidation Map: Coinglass A sizable part of this leverage is sitting near the $2,030 region, meaning many traders are effectively defending the same level that whales and long-term holders appear to be buying. However, that positioning also creates a potential vulnerability. Ethereum Price Levels: Why $2,030 Is the Deciding Level The concentration of supply, accumulation, and leverage around $2,030 makes it one of the most important short-term levels for Ethereum. Roughly $252 million worth of leveraged long positions sit near the $2,030 zone. Because liquidations occur when prices cross a level rather than when a candle closes, even a brief dip into this region could trigger forced selling. Key ETH Liquidation Zone: Coinglass If Ethereum breaks below $2,030, cascading liquidations could accelerate a drop toward $1,990. That could push the price to the next strong cost-basis support near $1,880. On the upside, Ethereum needs to reclaim $2,080 and then $2,150 to restore bullish momentum. Clearing those levels could open the path toward $2,240 and potentially revive the rally structure. Ethereum Price Analysis: TradingView For now, Ethereum sits in a delicate balance. A bearish technical signal suggests further downside is possible. Yet whales, long-term holders, and leveraged traders appear to be betting that the $2,030 support cluster will hold. The next move may depend on whether that collective optimism proves correct.
Kazakhstan's Central Bank Plans to Invest in Cryptocurrency and Related Companies up to $350 MillionLookonchain, about 21 hours ago
On March 6, CoinDesk reported that Kazakhstan’s National Bank plans to invest up to $350 million in crypto and related firms between April and May as part of its digital asset strategy.
Binance Alpha Launches Second Round of MAGMA Airdrop, Requires 241 Alpha PointsLookonchain, about 22 hours ago
On March 6, Binance Alpha launched the second round of its Magma Finance (MAGMA) airdrop. Users with at least 241 Binance Alpha Points can claim 320 MAGMA tokens on a first-come, first-served basis. If rewards aren’t fully distributed, the point threshold will drop by 5 points every 5 minutes. Claiming this airdrop costs 15 Binance Alpha Points. Users must confirm their claim on the Alpha event page within 24 hours—otherwise, it will be considered a waiver of the airdrop.
Analyst: Bitcoin Short-Term Holders Inclined to Take Profits, Over 27,000 BTC Moved to Exchange in Past 24 HoursLookonchain, about 22 hours ago
On March 6, CryptoQuant analyst Darkfost noted that despite a minor Bitcoin rebound, Short-Term Holders (STHs) aren’t buying the rally—opting instead to lock in quick profits. Over the past 24 hours, STHs have moved more than 27,000 BTC to exchanges, a level near multi-month highs. Currently, the only STHs able to book profits are those who accumulated positions 1 week to 1 month ago, with a realized price around $68,000. Given the short-term negative news flow and macroeconomic outlook, this behavior is understandable and relatively rational. Still, it signals notable selling pressure, as STHs don’t appear ready to hold positions long-term.
Mutuum Finance (MUTM) Confirms $20.7M Raised Amid New V1 Protocol Features RevealedBeInCrypto, about 22 hours ago
Mutuum Finance has reached a significant financial milestone, confirming that it has raised $20.7 million during its early funding stages. This capital influx comes as the project transitions from a conceptual phase to a functional ecosystem with the launch of its V1 protocol. With a growing base of institutional and retail participants, the project is preparing a decentralized lending and borrowing ecosystem. Key Financials and Token Distribution The project’s growth is reflected in its latest internal data, which shows a community of over 19,000 active participants. The MUTM token serves as the utility token for the platform, with a total supply fixed at 4 billion. For the early funding and community allocation phase, the team made a specific portion (1.82 billion) of the supply available to early contributors. Out of this allocation, approximately 850 million tokens have already been sold. This level of demand indicates strong market interest in the project’s utility-first approach. To ensure the safety of these funds and the integrity of the code, Mutuum Finance has successfully undergone a manual security audit by Halborn and maintains a high safety score from CertiK. The V1 Protocol The V1 protocol is the first functional version of the Mutuum Finance ecosystem, currently live on the Sepolia testnet. It serves as a testing ground where the 19,000 investors can interact with the protocol’s core mechanics without using real capital. The main objective of V1 is to showcase how users can independently manage their assets, earning yield by supplying liquidity or unlocking capital by borrowing against what they already hold. The V1 environment supports liquidity pools for four major assets: WBTC, USDT, ETH, and LINK. These pools utilize a model where users interact directly with automated smart contracts rather than individual lenders. This system removes the need for traditional liquidity checks or middleman approval, providing instant liquidity as long as the user meets the specific collateral requirements. New Protocol Features Revealed The team has recently revealed several new features within the V1 protocol designed to simplify the user experience and enhance security. One of the most significant additions is the One-Click Borrow Presets. This feature allows users to choose from three risk profiles: Safe, Balanced, and Aggressive. These presets automatically adjust the Stability Factor and collateral requirements based on the user’s risk tolerance, making decentralized finance more accessible to those who may not be familiar with complex LTV (Loan-to-Value) calculations. Additionally, the V1 protocol highlights the utility of mtTokens and Debt Tokens. When a user deposits assets, they receive mtTokens as a yield-bearing receipt. These receipts grow in value as interest is collected from the pool. On the other side, borrowers receive Debt Tokens, which represent their outstanding obligations and provide a transparent way to track repayment schedules. These mechanics are supported by decentralized price oracles that provide real-time data to prevent the system from accumulating bad debt through automated liquidations. Upcoming Updates and Roadmap Looking ahead, Mutuum Finance is preparing to roll out several advanced economic features outlined in its roadmap. These include: Buy-and-Redistribute Mechanism: A portion of protocol fees will be used to buy MUTM tokens from the open market and distribute them as dividends to stakers in the Safety Module. This mechanism is designed to further support the growth and value of the ecosystem, linking platform usage to the long-term stability of the protocol. Native Over-Collateralized Stablecoin: A decentralized stable asset backed by the interest-bearing collateral held within the Mutuum pools. This stablecoin provides users with a reliable medium of exchange that maintains its value even during periods of high market volatility. Layer-2 (L2) Integration: Expansion to L2 networks to ensure that transactions remain fast and fees remain low as the user base scales toward the mainnet launch. This move will significantly reduce the “gas” costs associated with interacting with smart contracts, making small-scale lending and borrowing more profitable for retail users. With $20.7 million raised and a functional V1 protocol available for testing, Mutuum Finance is moving steadily toward its goal of creating a transparent, decentralized bank. The project’s focus on audited security and simplified user tools has helped it secure a significant investor base of 19,000 people. As the team continues to deliver on its roadmap, the transition from the Sepolia testnet to a full mainnet launch will be the next big crypto step.
Bitcoin HODL Strategy Currently Shows a 6.96% Unrealized Loss, Equivalent to Around $3.8 BillionLookonchain, about 22 hours ago
March 6 — Bitcoin has dropped 2.74% over the past 24 hours, trading at $70,694 as of HTX market data. Strategy’s Bitcoin position currently carries an unrealized loss of 6.96%, equating to roughly $3.8 billion. As of March 1, 2026, Strategy holds 720,737 BTC total, with an aggregate cost of approximately $54.77 billion — translating to an average per-BTC cost of about $75,985.
Quiet XRP Accumulation With Upside Targets Reaching 15 DollarsCointribune, about 22 hours ago
The apparent calm of XRP could well conceal a major turning point. While its price evolves without clear momentum, accumulation signals multiply and several technical readings suggest a phase of strategic preparation. Analysts see here the beginnings of a large-scale movement, with ambitious price targets and critical thresholds under close watch. In a market seeking a catalyst, Ripple's asset returns to the center of speculative play. L’article Quiet XRP Accumulation With Upside Targets Reaching 15 Dollars est apparu en premier sur Cointribune.
Pacifica total transaction volume surpasses $131 billion, with over 130 teams registered for the recent hackathon eventLookonchain, about 22 hours ago
On March 6, Solana-based perpetual contract trading platform Pacifica announced its core metrics have hit record highs. As of that date, the platform’s total trading volume has topped $131 billion, open interest stands at $69 million, and active user count has surpassed 40,000. The Pacifica hackathon has drawn over 130 development teams, with the event set to officially launch on March 16 and run for one month. Winners will be awarded cash prizes and points. Additionally, the Pacifica Educator Program has wrapped up its first round of rewards, distributing 10,000 points to top content creators to boost community knowledge sharing and trading education.
SEC Moves to Settle Justin Sun Case for $10M: Will Tron Crypto Bounce?99Bitcoins, about 22 hours ago
SEC Settles Justin Sun Case for $10M: What It Means
US Nonfarm Payrolls Set to Grow At Moderate Pace in February After Stellar JanuaryBeInCrypto, about 22 hours ago
The United States (US) Bureau of Labor Statistics (BLS) will release the Nonfarm Payrolls (NFP) data for February at 13:30 GMT. Volatility around the US Dollar (USD) will likely ramp up on the employment report, with investors looking for fresh insights on the US Federal Reserve’s (Fed) path forward on interest rates, especially after the crisis in the Middle East revived concerns over rising inflation. What to Expect From the Next Nonfarm Payrolls Report? Investors expect NFP to rise by 59K following the impressive 130K increase recorded in January. The Unemployment Rate is expected to remain unchanged at 4.3%, while the annual wage inflation, as measured by the change in the Average Hourly Earnings, is projected to hold steady at 3.7%. Previewing the employment report, TD Securities analysts note that they expect job gains to moderate to 90K in February. “The moderation should be led by healthcare after it posted unusually strong gains last month. Private payrolls likely saw a 100k gain while government likely declined 10k. We also look for the Unemployment Rate to stay at 4.3%, while we flag the risk of an increase to 4.4%. Average Hourly Earnings likely moderated to 0.2% m/m (3.7% y/y),” they add. Recent employment-related data releases from the US hinted at relatively healthy labor market conditions in February. The Employment Index of the Institute for Supply Management’s (ISM) Manufacturing Purchasing Managers’ Index (PMI) survey edged higher to 48.8 from 48.1 in January (although still in contraction), while Automatic Data Processing (ADP) reported that employment in the private sector rose 63K, surpassing the market expectation of 50K. Finally, the Employment Index of the ISM Services PMI survey rose to 51.8 from 50.3, reflecting an acceleration in job creation in the key service sector. How Will the US February Nonfarm Payrolls Affect EUR/USD? The USD has capitalized on safe-haven flows and started the month on a firm footing after the US and Israel carried out a joint attack against Iran, causing EUR/USD to come under heavy bearish pressure. Earlier in the week, the US Senate rejected a resolution that was designed to force US President Donald Trump to seek congressional approval for further military action against Iran. Additionally, CNN reported that a top US official said that the US will start attacking deeper into Iran, noting that the operation is still in its early days. From a monetary policy perspective, investors are keeping a close eye on the impact of the Middle East crisis on energy prices and how that could alter the inflation outlook. According to the CME FedWatch Tool, the probability of the Federal Reserve (Fed) leaving the policy rate unchanged in the next three meetings climbed to nearly 70% from about 50% before the US-Iran war started. Source: CME Group While speaking at the Bloomberg Invest Conference earlier in the week, Neel Kashkari, President of the Federal Reserve (Fed) Bank of Minneapolis, said that it is too soon to know how the Iran war will affect inflation, but acknowledged that it could have an impact on monetary policy. In case NFP comes in at 70K or higher, and the Unemployment Rate remains steady at 4.3% as forecast, markets could assess the employment data as “good enough” for the Fed to continue to delay interest-rate cuts until the second half of the year. In this scenario, the USD could continue to gather strength and trigger another leg lower in EUR/USD. On the other hand, a significant downside surprise in NFP, a reading at or below 30K, combined with an increase in the Unemployment Rate, would be required for investors to lean back toward a rate cut in June. Still, the USD’s losses could remain limited in this case unless there is a de-escalation of the conflict in the Middle East. The most bearish scenario for the USD, fueling a decisive rebound in EUR/USD, would be a combination of a sharp correction in Crude Oil prices, with the naval activity in the Strait of Hormuz returning to normal, and an employment report that highlights worsening labor market conditions. Societe Generale analysts note that they expect a solid NFP print after “four out of four US labour market anecdotes surprised to the upside.” “Under the current circumstances, it’s a stretch to conclude that good data is reassuring and therefore bullish for risk assets and currencies (bearish dollar),” they add. “We assume that a 30K-70K employment gain should not move the dial and it’s where oil and natural gas prices close the week that we think will govern the price action.” Eren Sengezer, European Session Lead Analyst at FXStreet, offers a brief technical outlook for EUR/USD: “There is a clear bearish tilt in EUR/USD’s short-term outlook. The pair made a daily close below the 200-day Simple Moving Average (SMA) for the first time in a year and the Relative Strength Index (RSI) dropped below 40.” “1.1500 (static level, round level) aligns as first significant support ahead of 1.1400 (static level, round level) and 1.1300-1.1290 (round level, static level). On the upside, a strong resistance area seems to have formed at 1.1670-1.1700 (200-day SMA, 100-day SMA). The pair would need to clear that hurdle and stabilize to attract technical buyers. In this case, the 50-day SMA could act as the next resistance at 1.1770.”
MiCA is not a break of blockchain innovation, nor should it be | OpinionCrypto.news, about 22 hours ago
Predictable rules, EU-wide market access, and compliance as a competitive signal, that’s how MiCA is reshaping crypto in Europe.
Bitwise CIO Says Traditional Altcoin Season Is Over: Here’s What Replaces ItBeInCrypto, about 22 hours ago
Bitwise Asset Management’s Chief Investment Officer Matt Hougan stated that a traditional altcoin season is over, with a potential non-traditional season replacing it. Hougan suggested a fundamental shift in how capital could flow through the market, one driven by fundamentals rather than speculative rotation. Traditional Altcoin Season Is Over: Bitwise CIO In an interview with Paul Barron, Hogan drew a line between past cycles and what he expects next. Previous altcoin seasons followed a script. Capital rotated from Bitcoin (BTC) to Ethereum (ETH) to decentralized finance (DeFi) to increasingly speculative assets, including, as Hogan put it, “NFT pictures of rocks.” He predicts that the altcoin season will be unconventional, focusing on assets that have practical real-world use and traction. “I don’t think we’ll see the sort of rising tide lifts all buckets,” he said. “I think we’ll see a non-traditional altcoin season.” Follow us on X to get the latest news as it happens Hogan added that the market may “rerate” certain DeFi tokens, which are currently valued at billions of dollars and have substantial business operations. He emphasized that the altcoin season will be more differentiated compared to previous cycles. In October, Bitget CEO Gracy Chen forecasted that an altcoin season is unlikely to arrive in 2026. Others have suggested that altseason already arrived, just not where most were watching. Former BCG associate Alana Levin argued that the cycle played out in crypto equities in 2025 rather than crypto tokens directly. Will Altseason Take Off Amid Market Challenges? Hougan’s outlook comes at a time when the broader market remains in a downtrend, with investors adopting a risk-off sentiment. Recently, CryptoRank identified three core reasons why an altcoin season has not arrived. The report pointed to capital dilution, the launch of low-float, high-FDV tokens, and increasing competition from perpetual futures and prediction markets. Despite these challenges, some see potential for a reversal. Santiment highlighted that when social volume and interest in altcoins reach extreme lows, it often marks the beginning of rallies. On the technical front, Merlijn The Trader observed a classic head-and-shoulders pattern on Bitcoin dominance’s (BTC.D) chart. He pointed out that the left shoulder and head are already established. In addition, the right shoulder is currently forming. “The neckline is everything. If it breaks…liquidity rotates. And that’s when altcoin season begins,” he said. Amid a broader market downturn, the question of whether an altcoin season will arrive and who stands to benefit remains an open one for now.
Cumberland withdrew 14,800 ETH from Coinbase 30 minutes agoLookonchain, about 22 hours ago
March 6 — Cumberland withdrew another 14,800 ETH (valued at $30.8 million) from Coinbase just 30 minutes ago, per LookOnChain monitoring data.
US-listed company Aurelion introduces its first AI employee, Duncan.Aure, who can directly participate in on-chain transaction executionLookonchain, about 22 hours ago
On March 6, Nasdaq-listed Aurelion (NASDAQ: AURE) announced the launch of Duncan.Aure, its first AI virtual employee. Duncan is an AI agent capable of direct on-chain transaction execution, with core capabilities including cross-protocol DeFi execution, automated XAUT (Tether Gold) trading strategies, digital gold allocation, and open standardized interfaces for developers and applications. Currently, Duncan is accessible via a dedicated website (xaue.com/shop) and official accounts on X and Telegram. Aurelion CEO Björn Schmidtke noted that as AI agents emerge as active market participants, the company is committed to building secure, stable smart financial infrastructure centered on digital gold.
Binance Wallet: Token Airdrop Scheduled for Today at 18:00 UTC PostponedLookonchain, about 22 hours ago
On March 6th, official sources confirm that Binance Wallet has announced the postponement of today’s scheduled 6:00 PM token airdrop. Please stay tuned for the specific distribution timeline in future official announcements.
OKX introduces social networking feature to connect crypto traders inside its appCrypto.news, about 22 hours ago
Crypto exchange OKX has launched a new social trading platform called Orbit, designed to connect traders through shared strategies, market insights, and community-driven discussions. OKX launches in-app trader network According to the exchange, Orbit functions as a social network built…