Top 10 Crypto News of The Day

Top 10 Crypto News of The Day for March 16/25

Bitcoin Whale Opens $368M Short Position Ahead of FOMC Meeting A cryptocurrency whale has made a bold move, opening a massive $368 million short position on Bitcoin with 40x leverage. This strategic bet signals expectations of a price drop as the Federal Open Market Committee (FOMC) meeting approaches next week. Currently, Bitcoin is priced at approximately $84,938.13 USD, as reported by Cointelegraph.

Bitcoin Price Stabilizes After Recent Dip Bitcoin's price appears to be finding stability after briefly dipping below $82,000 yesterday. Now hovering around $83,000 USD, analysts view this as a natural market correction, indicating that volatility remains a key factor in the current cycle. More incoming news and events will surely increase volatility.

Singapore Exchange to Launch Bitcoin Perpetual Futures In a significant move for institutional crypto adoption, the Singapore Exchange has announced plans to introduce Bitcoin perpetual futures contracts in the second half of 2025. This development, reported by The Economic Times, underscores the growing interest in digital assets within the Asian financial sector.

South Korea to Lift Ban on Institutional Crypto Investments South Korea is preparing to open its crypto markets to institutional investors by Q3 2025. According to Wu Blockchain, this shift is expected to inject substantial capital into the digital asset ecosystem, potentially bolstering Bitcoin and altcoin markets alike.

Hyperliquid Faces $4M Loss in DeFi Exploit The decentralized finance (DeFi) platform Hyperliquid has suffered a $4 million loss due to a liquidation exploit. This incident has reignited concerns over security vulnerabilities in DeFi protocols, sparking discussions among industry leaders and blockchain security experts on X.

Russia Uses Crypto for Oil Trade with India As geopolitical tensions reshape global trade, Russia has reportedly turned to cryptocurrency, including Bitcoin, to facilitate oil transactions with India. Wu Blockchain highlights this strategy as a means for Russia to bypass Western sanctions, showcasing crypto’s evolving role in international commerce.

Telegram Wallet Reaches Over 100M Users Telegram's crypto wallet has now surpassed 100 million users and is set to expand its offerings with 50 additional tokens and a yield program. This milestone, reported by Cointelegraph, marks a significant step forward in mainstream crypto adoption and digital finance.

Trump’s Crypto Policies Influence Market Sentiment President Trump’s pro-crypto stance, including a potential strategic Bitcoin reserve plan, continues to impact market sentiment. While his policies have fueled optimism among investors, BlackRock’s CEO has cautioned that inflation concerns could influence Bitcoin’s price trajectory, as reported by Forbes.

Ripple Lawsuit Nears Conclusion The long-standing legal battle between Ripple and the SEC is nearing its conclusion, according to Coinpedia. A resolution could provide much-needed regulatory clarity, not just for XRP but for the broader crypto market, potentially influencing Bitcoin’s legal and financial framework.

Pi Coin Gains Attention Post-Launch Following its mainnet launch and subsequent exchange listings, Pi Coin has gained significant traction. While this new digital asset is drawing attention, Bitcoin remains the primary market focus at $84,938.13 USD today, as per CryptoNews.com.

Stay tuned for more daily updates as the crypto landscape continues to evolve!

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