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The smart money allocating to bitcoin bought the panic last week. Then it sold the rally to everyone else.Whales holding between 10 and 10,000 bitcoin accumulated heavily between Feb. 23 and March 3, when bitcoin was trading between $62,900 and $69,600, according to Santiment. That window covered the worst of the Iran war sell-off and the early stages of the recovery. When bitcoin hit $74,000 on Thursday, those same wallets started taking profit and have since offloaded roughly 66% of what they’d just bought.Wallets holding less than 0.01 BTC have been steadily increasing their positions as bitcoin slipped back below…

A class action lawsuit has been filed against prediction market Kalshi, alleging that the death carveout in the “Ali Khamenei out as Supreme Leader” market was not properly disclosed to users and that the platform failed to pay out winning trades.The plaintiffs said that the death carveout policy was “not incorporated into the user-facing rules summary,” and was not displayed in a way that would notify a “reasonable consumer” of the policy or its effects.“Defendants, themselves, later acknowledged that their prior disclosures were ‘grammatically ambiguous,’” the lawsuit filing said. The class action lawsuit against Kalshi. Source: Court ListenerKalshi voided trading…

The Crypto Fear and Greed Index, one of the most widely used gauges of crypto investor sentiment, has fallen back down to “extreme fear” levels after briefly recovering on Wednesday.The Crypto Fear and Greed Index is at 18 at the time of this writing, down from the 20 recorded on Friday, according to CoinMarketCap. 20 signals “fear,” an atmosphere of caution among investors, but an improvement over rock-bottom market sentiment.Sentiment briefly spiked to 25 on Wednesday, but contracted as geopolitical tensions between the US, Israel and Iran continue to erode risk appetite and increase macroeconomic uncertainty among market participants. The…

The victim offered a 10% bounty for any recovered funds and asked exchanges and investigators to help trace the transfers. A crypto holder known online as Sillytuna said on March 5 that attackers stole about $24 million worth of tokens after threatening him with violence during a real-world robbery. The incident has renewed concern about so-called “wrench attacks,” a form of crime where perpetrators use physical threats to force victims to hand over control of their crypto wallets instead of attempting to hack them. Victim Describes Violent Coercion In several posts on X, Sillytuna said the theft involved armed attackers…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Extreme weather events have become routine with climate change globally. In 2024, U.S. farmers lost over $20 billion to wildfires, floods, hurricanes, hail, frost, and tornadoes. Canadian producers face similar difficulties: 51% of operations suffered from drought in 2022 and 2023, while 26% experienced flooding. British Columbia alone saw almost $460 million in losses last year. Producers in developing nations like Kenya or Brazil, who don’t have access to the same technologies as their peers in North…

Kazakhstan’s central bank has announced a strategic move to invest up to $350 million in cryptocurrency assets, marking a significant shift in its reserve management strategy.Kazakhstan’s central bank has unveiled plans to invest up to $350 million in cryptocurrency assets. This decision represents a substantial policy shift aimed at diversifying the country’s reserves.Kazakhstan has emerged as a significant player in the global crypto mining sector, contributing approximately 6-8% of Bitcoin’s global mining due to its low electricity costs. The government is also working on a regulatory framework to legalize and tax crypto mining and trading, further solidifying its position as…

In brief Kalshi is facing a lawsuit in California over its resolution of a market related to the former Iranian leader. The prediction market opted to utilize a rules provision called the “death carveout,” which effectively resolved and paid the market on its last traded price. Plaintiffs allege the market’s rules were not disclosed prominently enough and are seeking compensation for their positions. Popular prediction markets platform Kalshi is facing a class action lawsuit related to its handling of a market on the unseating of Iranian leader Ayatollah Ali Khamenei.  Filed in the District Court for the Central District of California,…

Retail investors have been scooping up Bitcoin after it slipped below $70,000, but whale activity suggests the price could still head lower if past patterns repeat, according to crypto sentiment platform Santiment.“The moment Bitcoin hit $74k, these key stakeholders began taking profit,” Santiment said in a report on Friday.Santiment explained that whales — those holding between 10 and 10,000 Bitcoin (BTC) — “accumulated heavily” between Feb. 23 and Mar. 3, when Bitcoin was trading between $62,900 and $69,600. Whales (green line) have been selling, while retail investors (red line) have been buying more Bitcoin. Source: SantimentSince Wednesday, when Bitcoin climbed…

Today, the Web3 Foundation (W3F) is entering a new chapter, one that is defined by focus, purpose, and a deliberate return to our founding mission: stewarding and accelerating the technologies that make decentralized web possible at a global scale.Over the years, W3F played a highly active, hands-on role in helping bootstrap networks such as Polkadot and Kusama. This phase was instrumental in bringing these networks to life and supporting the early growth of their communities, governance, and technical foundations.Today, these ecosystems have reached a level of maturity, and Polkadot has shifted its focus on building products to deliver real-world utility. This…

Key Takeaways A major supply headwind persists as 64 million SUI tokens were unlocked on March 1. Funding rates remain positive despite consolidation, signaling that long positions are overcrowded. To invalidate the bearish trend, SUI requires a daily close above the $1.05 resistance region. SUI is caught in one of the more treacherous setups in the current altcoin market. Notably, the relentless supply dilution has left bulls exposed on multiple fronts. Trading near $0.96 after a modest 4.8% bounce, SUI’s price remains weighed down by an 18% decline over the past 30 days, and the structural headwinds have not cleared. If…