Crypto World
Crypto Industry Headed for Massive Consolidation, Says Bullish CEO
The crypto sector is bracing for a wave of consolidation as larger players gear up to absorb smaller projects, a shift that could reshape the landscape over the coming months. In an appearance on CNBC, Tom Farley, the former NYSE president and current CEO of Bullish, argued that the industry is entering a phase reminiscent of traditional financial markets where fragmentation gives way to scale through acquisitions. He pointed to a marked downturn in crypto prices, noting that Bitcoin (CRYPTO: BTC) has fallen roughly 45% from its October peak of $126,100 and was hovering near $69,405 at the time of reporting, according to CoinMarketCap. Farley framed the pullback as a catalyst for consolidation rather than a mere cycle. He stressed that consolidation should have happened earlier, but inflated valuations helped sustain a veneer of optimism. “It should have happened a year or two ago,” he told CNBC, underscoring that the sector’s fortunes are likely to hinge on the ability of firms to merge, scale, and operationalize.
Key takeaways
- Major crypto firms are expected to accelerate acquisitions to achieve scale, reducing sector fragmentation in the coming quarters.
- The current price downturn is described as a catalyst for consolidation, not a sign of systemic weakness.
- Valuations from the late-stage hype era are receding; buyers will prioritise revenue generation and long-term viability over speculative promise.
- Venture capital has grown more selective, with investors favoring mature, revenue-oriented projects and tighter due diligence.
- Consolidation could bring redundancies and organizational disruption as portfolios merge and strategic priorities reshuffle.
Tickers mentioned: $BTC
Market context: The pullback in crypto prices coincides with a maturation of the market, a period in which capital begins to reward scalable, revenue-backed business models. Investors and strategists alike are watching whether consolidation will unlock synergies, reduce duplication, and create more defensible platforms amid a challenging macro backdrop and evolving regulatory considerations.
Why it matters
For investors, the shift toward consolidation could recalibrate risk and reward in the sector. Entities that survive the purge—those with clear paths to profitability, diversified products, and integrated operations—stand to gain greater market share and pricing power as competition contracts. This is not merely about absorbing idle projects; it is about creating platforms capable of attracting institutional-grade capital and sustaining longer-term growth even as market cycles ebb and flow.
From a builder’s perspective, the emphasis on scale and sustainability will push teams to prioritize product integration, interoperability, and go-to-market execution. Rather than chasing a flashy new product with limited traction, startups and incumbents alike may seek partnerships, platform consolidations, and joint ventures that accelerate product roadmaps and user acquisition. That strategic shift could reshape funding dynamics, with investors favoring businesses that demonstrate measurable user adoption, revenue growth, and a clear path to profitability.
Analysts point to the broader maturation of crypto finance, where competitive advantages increasingly accrue to firms that can operate at scale, manage risk effectively, and offer diversified ecosystems. The trajectory mirrors patterns seen in other tech sectors, where consolidation follows cycles of hype and valuation inflation. The ongoing discussion about venture capital discipline—highlighted by Ajna Capital’s chief investment officer, Eva Oberholzer, who described a tightening in crypto-dedicated funding—underscores a measured, quality-focused approach to new investments (via the linked coverage). Investors are increasingly skeptical of entities with only a spark of potential and no robust business model to translate that potential into durable revenues. A comprehensive view from market watchers and researchers, including analyses that discuss how retail investors interpret downturns, further reinforces the idea that the market is shifting toward more disciplined, evidence-based evaluation of projects and teams (Santiment).
Against this backdrop, observers caution that consolidation can be a double-edged sword. While it may eliminate redundant offerings and sharpen competitive dynamics, it can also precipitate layoffs and internal disruption as merged entities realign priorities and streamline operations. The risk is especially pronounced for smaller teams whose business models hinge on niche deployments or speculative demand. Yet proponents argue that a more consolidated landscape could enhance resilience, improve risk management, and foster stronger governance across a sector that has, at times, struggled with fragmentation and fragmentation-related inefficiencies.
As Farley noted in his CNBC remarks, the market’s current volatility creates a window for consolidation to take hold while the sector adjusts to a more sober valuation regime. The broader crypto community continues to weigh the pace and breadth of consolidation, balancing the potential benefits of scale against the human and organizational costs of large-scale mergers. The conversation also intersects with ongoing analyses from researchers and commentators who monitor how sentiment, regulatory changes, and macro liquidity influence consolidation activity and the pace of innovation within crypto ecosystems.
What to watch next
- Announcements of mergers or strategic partnerships among major crypto exchanges, wallets, or infrastructure providers in the coming quarters.
- Shifts in venture capital patterns toward mature, revenue-positive crypto initiatives and away from speculative, early-stage bets.
- Regulatory developments that clarify how competition and consolidation should be managed in crypto markets.
- Reorganizations or workforce changes within consolidating firms as strategies are realigned to capitalize on scale.
Sources & verification
- CNBC interview with Tom Farley discussing consolidation in crypto and the role of price pressures in catalyzing deals (YouTube: https://www.youtube.com/watch?v=-OPn8-Juhyo).
- Bitcoin price reference and market data (CoinMarketCap): https://coinmarketcap.com/.
- Ajna Capital commentary on venture capital discipline and market maturation (Cointelegraph).
- Santiment analysis piece on crypto market behavior during the downturn (Cointelegraph).
Market reaction and consolidation in a maturing crypto landscape
The discussion surrounding consolidation centers on a simple premise: scale matters more than ever in a sector attempting to transition from a volatile early-stage market to a more mature, revenue-centric industry. As Farley argued on CNBC, the downturn has exposed the inefficiencies that plagued a number of crypto ventures, where inflated expectations outpaced actual business traction. The reality, he suggested, is that many entities do not possess independent, durable business models and will need to merge with larger players to survive and thrive. This echoed sentiment from industry observers who have long argued that valuation bubbles and revenue misalignment fuel unsustainable growth trajectories, and it is now driving a pragmatic approach to dealmaking across the sector.
Bitcoin (CRYPTO: BTC) has been emblematic of the cycle, retreating from its October peak near $126,100 to the vicinity of $69,405, illustrating how market-wide valuations influence corporate strategy as much as they do investor sentiment. The decline has not only re-priced risk but also intensified the focus on cash flow, customer acquisition, and the ability to convert users into recurring revenue streams. In this environment, consolidation could unlock efficiencies—such as shared technology stacks, consolidated compliance frameworks, and integrated go-to-market motions—that help firms weather volatility and pursue longer-term objectives. Yet the path to consolidation is not guaranteed to be smooth; it may trigger redundancies, realign product portfolios, and set off internal restructuring as newly merged entities consolidate operations and governance.
Industry observers also highlight a broader trend: investors are recalibrating expectations. The crypto market’s maturation is accompanied by a shift in venture capital discipline. Eva Oberholzer, chief investment officer at Ajna Capital, told Cointelegraph that the market has reached a stage where risk appetite is tempered by a preference for measurable progress and sustainable growth. This shift aligns with a more cautious but potentially more durable investment climate, where teams must demonstrate traction and a clear path to profitability to attract sustained funding. Meanwhile, industry analyses have emphasized the importance of understanding market dynamics during downturns, with researchers and commentators tracking how retail and institutional participants interpret price movements and project fundamentals during cyclical declines. The synthesis of these perspectives suggests a sector increasingly governed by fundamentals, governance, and scalable business models rather than aspirational narratives alone.
Looking ahead, the landscape may continue to evolve as consolidation takes hold, testing the resilience of teams, products, and platforms. The potential benefits—reduced duplication, stronger balance sheets, and enhanced platform capabilities—must be weighed against the practical challenges of combining cultures, harmonizing technology, and preserving employee morale. As the next wave of deals unfolds, market participants, builders, and regulators will closely monitor how mergers reshape competition, liquidity, and consumer trust within the crypto economy. The ultimate measure will be whether the sector can sustain innovation while delivering durable value to users and investors alike.
Sources & verification items to verify include the CNBC interview with Tom Farley, BTC price data from CoinMarketCap, Ajna Capital’s commentary on market maturation, and Santiment’s analyses cited in industry coverage.
As the XAU/USD chart shows, the gold price has been holding within the $5,060–$5,200 range over the past several sessions.
Bullish view: the key support is the lower boundary of the long-term channel that has been in place since the beginning of 2026.
Bearish view: pressure on the price comes from statements by President Trump suggesting that the conflict in the Middle East could end soon. Yesterday, the US president described the operation in Iran as a “small incursion” and a “short-term” measure, which helped ease geopolitical risks and reduce demand for gold as a safe-haven asset.
Technical Analysis of the XAU/USD Chart
On the morning of 2 March, while analysing gold price movements following the attack on Iran, we confirmed the validity of the long-term ascending channel and also:
→ drew a local purple channel;
→ noted that the price was trading in close proximity to resistance lines;
→ suggested that emotions would settle and that the gold price might pull back, with support likely emerging in the $5,250–$5,300 area.
Indeed, later that evening the indicated zone acted as local support (shown by the blue arrow), but by 3 March the pullback had extended to the lower boundary of the blue channel.
It is worth noting that yesterday’s attempt by the bears (marked by the red arrow) failed to gain continuation — a sign that selling pressure may be weakening. Therefore, it would be reasonable to expect bulls to attempt to regain the initiative. A closer look at the XAU/USD chart also reveals that yesterday’s rising local lows form a cup-and-handle pattern.
At the same time, in the near term an important test of bullish intent may come at the breakout level of the purple channel around the $5,250 mark.
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Strategy (MSTR), the largest publicly traded holder of bitcoin , sold a record number of its perpetual preferred equity, Stretch (STRC), on Monday, using the proceeds to purchase about 1,420 bitcoin, according to data from STRC.live.
Proceeds from STRC, which debuted in July 2025, support the company’s bitcoin accumulation strategy. Monday’s session recorded nearly $300 million in total trading volume, compared with a 30-day average of $124 million, according to the company’s dashboard.
The estimates are based on a methodology that infers purchases from at-the-market (ATM) sales. The approach assumes 40% of trading volume above $100 represents ATM issuance, with a 2.5% broker commission deducted before calculating the implied bitcoin purchase.
Last week, Strategy bought roughly $1.3 billion worth of BTC, nearly 18,000 coins.
Strategy has described STRC as resembling a short-duration, high-yield savings instrument. The company recently raised the dividend rate on STRC to 11.5%. The stock pays monthly cash distributions. The dividend rate is adjusted each month to keep shares trading close to their $100 par value while limiting price volatility.
In an 8 K filing Monday, Strategy amended its Omnibus Sales Agreement to allow multiple agents to sell the same class of securities on a single trading day during pre-market or after-hours sessions. The change enables additional agents to handle early or late trades, while block sales after 4 p.m. ET remain permitted.
Strategy shares are up about 3% in pre-market trading to around $143 per share.
Key Highlights
- Palantir shares climbed approximately 9% throughout a five-day trading period amid escalating Middle Eastern geopolitical tensions.
- U.S. forces utilized Palantir’s platform to orchestrate strikes across 1,000 Iranian targets.
- The Department of Defense terminated Anthropic AI agreements citing national security risks, creating opportunities for Palantir.
- Fourth-quarter revenue jumped 70% year-over-year, reaching $1.41 billion; domestic commercial sales skyrocketed 137%.
- Analyst opinions remain polarized — projections span from $46 (Burry’s estimate) to $260 (Bank of America’s forecast).
Palantir Technologies (PLTR) delivered an impressive performance throughout the past week, climbing nearly 9% over five consecutive trading sessions. The upward trajectory coincided with geopolitical developments that placed the company’s defense capabilities under the spotlight.
Palantir Technologies Inc., PLTR
News surfaced indicating that American military strikes targeting approximately 1,000 locations across Iran relied on Palantir’s technology platform for coordination. This type of high-profile, mission-critical deployment typically generates significant investor interest and stock movement.
Palantir maintains a substantial $10 billion framework agreement with the U.S. Army alongside a $448 million Navy contract. The reports surrounding the Iran operations injected additional energy into an already robust government sector performance.
An unexpected catalyst emerged from within the Pentagon itself. Defense Department officials directed agencies to discontinue use of Anthropic’s artificial intelligence models following disagreements concerning national security protocols. A six-month transition timeline was established.
Rosenblatt analysts, who elevated their PLTR price target from $150 to $200 while maintaining a Buy recommendation on March 3, noted the transition period provides “ample time” to migrate toward LLMs supported by Palantir. The firm emphasized that Middle Eastern tensions underscore Palantir’s advantages over generic commercial AI solutions.
Piper Sandler maintained its Overweight stance with a $230 target price that same day, though analysts acknowledged potential short-term operational challenges stemming from the Anthropic disruption.
Financial Performance Shows Impressive Momentum
The underlying fundamentals have delivered remarkable results. During its latest quarterly filing, revenue surged 70% compared to the previous year, hitting $1.41 billion. U.S. commercial revenue — reflecting corporate adoption of Palantir’s artificial intelligence platforms — expanded by 137%.
Management projects revenue exceeding $7 billion for 2026, representing a 61% climb from the preceding year. This forecast significantly outpaces consensus estimates from most Wall Street research teams.
Palantir’s “Rule of 40” metric — combining revenue growth percentage with profit margin percentage — stands at 127%, which supporters cite as evidence the business can expand aggressively while maintaining profitability.
Valuation Concerns Persist Among Skeptics
Not all market participants share the optimistic view. Michael Burry, renowned for correctly predicting the housing market collapse, has proposed that Palantir’s intrinsic value might be closer to $46. With shares currently trading above 180 times earnings, he characterizes the valuation as bubble territory.
Goldman Sachs analyst Gabriela Borges maintains a reserved outlook, and institutional investors continue questioning whether Palantir can deliver its $7 billion revenue objective without experiencing a significant correction.
Conversely, Citi Research’s Tyler Radke alongside Bank of America’s Mariana Perez Mora have established price objectives of $255 and $260, respectively. Their thesis positions Palantir as the leading beneficiary of accelerating military and enterprise AI expenditures.
Aggregating 14 Buy recommendations, four Hold ratings, and two Sell opinions from the past three months, PLTR maintains a Moderate Buy consensus rating. The mean 12-month price objective stands at $191.76, suggesting approximately 22.6% appreciation potential from present levels.
Key Highlights
- ZODL (Zcash Open Development Lab) secured over $25M in seed capital
- Leading investors include a16z Crypto, Paradigm, and Coinbase Ventures
- The organization emerged following January’s separation from Electric Coin Company
- ZEC token surged approximately 10% within a 24-hour window after the announcement
- The Zodl wallet has facilitated north of $600M in ZEC exchanges since October 2025
The privacy-focused cryptocurrency Zcash (ZEC) experienced a significant price surge of almost 10% over a 24-hour period following news that the development team behind its primary wallet secured substantial venture funding.
ZODL, which stands for Zcash Open Development Lab, successfully closed a seed funding round exceeding $25 million. The company made this disclosure public on Monday.
Some of crypto’s most prominent venture capital firms participated in the funding round. The investor lineup features Paradigm, a16z Crypto, Coinbase Ventures, and Winklevoss Capital. Additional participants included Cypherpunk Technologies, Maelstrom, and Chapter One.
Notable angel investors also took part in the raise. Contributors included Balaji Srinivasan, former Chief Technology Officer at Coinbase, investor David Friedberg, and Dragonfly partner Haseeb Qureshi.
Josh Swihart, who previously served as CEO of Electric Coin Company, established ZODL. His departure from ECC occurred in January, accompanied by the entire engineering and product development teams.
The separation stemmed from internal conflicts with Bootstrap, the nonprofit entity that provides oversight for ECC. Central to the disagreement were differing visions regarding Zcash’s operational direction as a privacy-preserving protocol.
ZODL’s Development Focus
The organization concentrates its efforts on the Zodl wallet, a non-custodial mobile application designed specifically for Zcash users. The wallet first debuted under ECC branding as Zashi in 2024, before being rebranded to Zodl following the team’s transition.
The application enables shielded transactions, a feature that conceals transaction participants and amounts. This functionality represents the foundational privacy capability of the Zcash blockchain.
According to ZODL, the Zodl wallet contributed to expanding the Zcash shielded pool by more than 400% since its initial release. Additionally, the platform has facilitated over $600 million worth of ZEC swaps beginning in October 2025.
The freshly raised funds will be allocated toward expanding ZODL’s engineering capabilities and advancing both wallet functionality and core protocol development.
Market Response to ZEC
ZEC climbed 4.1% to reach $217.80 in the immediate aftermath of the funding disclosure, based on CoinGecko market data. Throughout the complete 24-hour trading window, the digital asset posted gains of 9.8%.
Among privacy-oriented cryptocurrencies, Zcash delivered exceptional performance over the previous year. The token appreciated from approximately $55.86 to peak at $527.84, representing nearly a tenfold increase.
Early 2026 saw ZEC experience a correction in tandem with wider cryptocurrency market weakness. However, the funding news provided upward momentum for the price.
The shielded pool mechanism, which obscures transaction details through mixing, has expanded by over 400% since the Zodl wallet’s 2024 introduction.
ZODL characterized the successful raise as evidence of “strong conviction from some of the most respected investors in crypto.”
Blockchain data shows that crypto treasury firm BitMine Immersion Technologies recently transferred around 9,600 ETH to wallets linked to Coinbase’s institutional platform Coinbase Prime.
Summary
- BitMine transferred 9,600 ETH to Coinbase Prime in two transactions worth roughly $19–20 million.
- Despite the move, the firm still controls over 1 million ETH across tracked wallets, with around 3.04 million ETH staked.
- Bitmine has accumulated more than 4.5 million ETH worth over $9 billion, positioning itself as one of the largest corporate holders of Ethereum.
Bitmine transfers 9,600 ETH to Coinbase Prime
According to on-chain intelligence platform Arkham, the transactions moved roughly 9,600 Ethereum (ETH), worth about $19–20 million at current prices, from Bitmine-controlled wallets to Coinbase Prime addresses.
Such transfers are commonly associated with institutional custody management, liquidity provisioning, or over-the-counter trading activity. The first transfer sent 5,300 ETH worth $10.75 million followed by a second batch of 4,308 ETH worth $8.74 million.
Despite the movement, Arkham data indicates that Bitmine continues to control more than 1 million ETH across tracked wallets, while a large portion of its holdings, around 3.04 million ETH, are staked.
Large transfers to Coinbase Prime are often linked to institutional custody management, over-the-counter (OTC) trading, or liquidity provisioning, rather than immediate spot market selling.
The company has emerged as one of the most aggressive corporate accumulators of Ethereum. Its strategy mirrors the corporate Bitcoin treasury model popularized by companies like MicroStrategy, but with a focus on Ethereum as the primary reserve asset.
Bitmine has dramatically expanded its ETH holdings in recent months as part of a large-scale buying spree. The company now holds over 4.5 million ETH tokens worth more than $9 billion, making it one of the largest institutional holders of the asset.
The firm has repeatedly added tens of thousands of ETH during market pullbacks, including purchases of more than 50,000 ETH in a single week, signaling strong long-term conviction in the network’s growth and institutional adoption.
This aggressive accumulation has drawn investor attention, particularly as Bitmine positions itself as a publicly traded vehicle for exposure to Ethereum. The company’s stock, traded under the ticker BMNR, has also shown signs of recovery alongside renewed buying activity and broader crypto market stabilization.
While the latest transfer represents only a small portion of its total reserves, it highlights the scale of Bitmine’s treasury operations and the growing role of large corporate entities in Ethereum markets.
Key Highlights
- PI experienced a ~7% price increase on March 10, while trading volume exploded over 65% to reach $39.7 million
- Crypto analyst Dr. Altcoin forecasts PI reaching $0.50 within the week, citing Pi Day on March 14 as a major catalyst
- Scheduled network enhancements are set for completion by March 12, bringing anticipated DeFi capabilities
- Should Kraken announce a listing, the analyst suggests PI could surge to $0.75
- The token has gained approximately 70% from its record low and successfully breached critical resistance zones
The PI token from Pi Network recorded approximately 3% gains on March 9, bouncing back from a 5% decline the previous day. Throughout the last week, the cryptocurrency advanced from $0.166 to approximately $0.221, delivering stronger performance than both Bitcoin and Ethereum during this timeframe.
Trading activity has experienced a dramatic uptick. A month ago, daily volume barely reached $10 million. Current data from CoinGecko and CoinMarketCap shows it has rocketed past $400 million.
Cryptocurrency analyst Dr. Altcoin shared on X that PI may achieve the $0.50 milestone within the coming days. This represents approximately 130% appreciation from present values and would mark the token’s peak price point since July 2025.
His analysis identifies four key catalysts: the March 14 Pi Day celebration, escalating trading volumes, sustained price momentum, and speculation around a Kraken exchange integration.
Pi Day Celebration and Technical Enhancements
March 14 represents Pi Day, a significant annual milestone within the Pi Network ecosystem. Historically, the development team has leveraged this date to reveal substantial announcements and strategic roadmap developments.
Planned network improvements are targeted for completion by March 12. Fresh DeFi infrastructure, potentially featuring a PiDEX or automated market maker system, is anticipated to go live during this window.
The Pi Network development team utilized the first mainnet anniversary celebration in February to communicate strategic objectives encompassing artificial intelligence integration, accelerated KYC verification processes, and plans for a KYC-as-a-Service offering.
Chart Analysis and Price Targets
From a technical perspective, PI has climbed above its 100-day Exponential Moving Average. The Supertrend technical indicator has switched from bearish red to bullish green for the first time in several months.
The cryptocurrency successfully penetrated the $0.2146 barrier, which represented its January peak. The Percentage Price Oscillator has moved into positive territory and displays upward momentum.
Critical support exists within the $0.20 to $0.204 range. Maintaining prices above this area preserves the bullish technical structure. Falling beneath $0.20 could trigger a pullback toward $0.186.
Immediate resistance zones appear at $0.237, followed by $0.29. Clearing these barriers would bring the $0.50 projection into realistic territory.
Dr. Altcoin further noted that an official Kraken listing confirmation coinciding with Pi Day celebrations might propel PI toward the $0.75 level.
PI secured a position among the most-tracked cryptocurrencies on CoinMarketCap on March 10, indicating heightened retail investor attention building ahead of the upcoming event.
The countdown stands at five days until March 14 arrives.
US spot Bitcoin exchange-traded funds posted net inflows on Monday, snapping a two-session stretch of outflows as Bitcoin rose toward $70,000 and investor demand returned to the largest cryptocurrency.
Spot Bitcoin (BTC) ETFs recorded $167 million of inflows on Monday, following around $577 million in outflows on Thursday and Friday, according to SoSoValue data.
Demand was weaker across other crypto-linked ETFs. Altcoin funds experienced significant selling pressure, with outflows persisting across Ether (ETH), XRP (XRP) and Solana (SOL) ETFs even as the underlying tokens rose 3-5% over the past 24 hours, according to CoinGecko data.
The gains followed US President Donald Trump telling reporters on Monday that the war with Iran could be coming to an end, easing geopolitical fears and pushing oil prices lower.
Ether, XRP and Solana now on a three-day outflow streak
Ether, XRP and Solana ETFs saw outflows totaling $51 million, $18 million and $2.5 million, respectively, on Monday, according to SoSoValue. This marked a three-day outflow streak, with Ether seeing the largest cumulative losses at $225 million.
While ETH and SOL selling have been subsiding over the past three trading sessions, XRP outflows increased, totaling around $41 million since Thursday. Solana’s outflows amounted to roughly $16 million over the same period.
Related: Crypto funds gain $619M as markets hold up despite oil and war fears
The sideways trading in crypto ETFs came as analysts warned that it’s still early to declare a structural bottom in Bitcoin, which traded at $70,015 at the time of writing, according to CoinGecko.
CryptoQuant’s analyst IT cited the Bitcoin long-term holder to short-term holder spent output profit ratio, which hit 0.89, showing short-term holders selling at a loss.
The data suggests market stress is building, but has not yet reached capitulation levels, meaning a clearer bottom may still be ahead.
Magazine: The debate over Bitcoin’s four-year cycle is over: Benjamin Cowen
[PRESS RELEASE – Panama City, Republic of Panama, March 10th, 2026]
Online poker site CoinPoker launched a new software client and mobile app in March 2026 alongside rake-free poker games and the signing of new sponsored players.
Joining the site’s ambassador team – already including some of the top names in poker, such as three-time Triton Series champion Mario Mosböck and WSOP Online main event champion Benjamin ‘Bencb’ Rolle – are Abby Merk and Alejandro ‘Papo MC’ Lococo.
https://x.com/CoinPoker_OFF/status/2030009912424849452
United States pro Abigail ‘Abby Poker’ Merk is an award-winning poker content creator from Chicago, ranked among the top female players in Illinois. With a background in volunteering, tutoring, and mentorship, Abby has also trained women in leadership skills and strategic thinking through the game of poker.
Freestyle rapper Papo MC has over $15 million in live tournament earnings – the #2 ranked player in Argentina behind Nacho Barbero – and a World Series of Poker bracelet.
Other household names of poker, such as Jean-Robert Bellande, Faraz Jaka, Mariano, YoH ViraL, Nik Airball, and Brantzen Wong, have also recently announced partnerships with CoinPoker.
https://x.com/mariomosboeck/status/2030247270378020932
Rake-Free Poker Games
Throughout March, CoinPoker is hosting rake-free poker games – players receive all cash game rake and tournament fees back daily, in the form of various promotions. In the first half of the month, players can potentially earn 100% flat rakeback credited to their accounts at 08:00 UTC each day.
In the second half of March, CoinPoker is returning all rake to players in the form of Splash Pot cash drops, CoinRaces leaderboards, and a Level Up Series of tournaments with boosted prizepools and refunded buy-ins – making for free poker tournaments until March 31.
Level Up Series
The Level Up tournament series debuts the site’s new multi-day tournaments and features such as bubble protection, blind rollback, final table deals and more. These events run alongside the site’s regular freerolls and MTTs, with added value in the prizepool and a full rebate on the rake.
That free poker event made headlines on PokerStrategy, and the 100% rakeback promotion was featured on Esports Insider.
Following its new software rollout, CoinPoker has also been rated among the best poker apps by the likes of Card Player Magazine and Gambling Insider and seen record traffic, rivalling the likes of GGPoker with over 7,000 players online for launch day.
The new poker app and desktop client include in-built player stats powered by PokerIntel, new games like PLO6, All-in or Fold, and Bomb Pot formats, and new features like EV cashouts, Interactive Emojis, and Throwables at the tables. No Limit Hold’em, Pot Limit Omaha, and PLO5 are also available, now with an improved lobby and table interface.
Throughout March, all of its poker games are essentially free to play to debut the new software, and its welcome bonus offer of 150% up to $2000 also returns in April onwards.
About CoinPoker
CoinPoker is an online poker site available for download on Windows, Mac, iOS, or Android, alongside an in-browser web client for free poker on mobile.
The platform’s tournaments and cash games are played in stablecoin Tether (USDT). Other major cryptocurrencies are also accepted, such as Bitcoin, Ethereum, and USDC, and 25+ countries can also deposit by bank transfer.
Alongside free poker action against real opponents around the world, the site also has an attached crypto casino and sportsbook.
Website: https://coinpoker.com/
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SharpLink, Inc. (formerly SharpLink Gaming Stock) has reported a staggering -$734M comprehensive loss for the fiscal year, driven almost entirely by market volatility in its corporate Ethereum treasury.
While the headline number implies a catastrophic operational failure, the underlying mechanics tell a more nuanced story of asset accumulation and passive earnings.
This is due to ETH USD and its yield-bearing nature, meaning that SharpLink is earning on its staked holdings. Since June 2025, the firm has accrued over 14,500 ETH in rewards, totaling over $29M at current prices.
Shareholders are now navigating a high-beta trade in which traditional earnings metrics have been replaced by staking yields and fluctuations in net asset value (NAV).
What the -$734M Loss Reveals About Corporate Crypto Risk
The reported loss is primarily a function of accounting mechanics meeting crypto volatility. As of March 9, 2026, SharpLink held 867,798 ETH, valued at approximately $1.72Bn, making it the second-largest public holder of the asset, behind BitMine.
The company has aggressively staked these assets, with nearly 100% of its treasury currently deployed to generate yield, underscoring SharpLink’s long-term belief in Ethereum.
Unlike a standard corporate risk scenario involving failed investments, SharpLink’s balance sheet hit reflects the mark-to-market reality of holding volatile assets during price drawdowns. However, the strategy has proven productive despite the valuation dip.
Former BlackRock executive and current SharpLink Gaming Stock Co-CEO Joseph Chalom has positioned the firm to capture yield regardless of spot price action.
According to company filings, the treasury includes 587,232 native ETH and nearly 280,000 ETH in liquid staking derivatives (LsETH and WeETH), signaling a sophisticated approach to capital efficiency that retail traders rarely see on public balance sheets.
EXPLORE: Best Crypto Presales to Buy in 2026
Could This SharpLink Gaming Stock Loss Trigger a Wave of Corporate Crypto Rethinks?
SharpLink’s performance is a litmus test for institutional appetite for crypto-proxy equities. Despite the paper losses, institutional ownership in the company soared to a record 46% by the end of 2025.
This suggests that Wall Street is increasingly treating the stock as a leveraged ETH ETF with a yield kicker, rather than a traditional tech company.
The market is currently reacting to broader macro pressures impacting crypto asset prices, which are amplifying volatility on SharpLink’s books. Wall Street analysts note that while the $734M loss looks ugly in the headlines, the stock price is up +54.47% over the past year.
If Ethereum undergoes a prolonged period of downside price action, the correlation between the company’s solvency and ETH prices tightens significantly.
This mirrors the early days of MicroStrategy’s Bitcoin pivot, but with the added complexity of staking rewards and regulatory considerations around yield-bearing assets.
The Levels That Change Everything for SharpLink Shareholders
2025 was a foundational year for Sharplink. We launched and began executing on our Ethereum treasury strategy. — Sharplink (@Sharplink) March 9, 2026
Year-end snapshot:
→ 864,597 ETH held in our treasury
→ $28.1M in revenue
→ 46% institutional ownership
Here's how we got here 
pic.twitter.com/LjUTXbgoOg
The key metrics to watch are the ETH-per-share ratio and the dilution rate, not the net loss. Recently, shareholders approved increasing the authorized common stock from 100M to 500M shares and raising up to $6Bn. If the company dilutes shareholders faster than it accumulates ETH, the value proposition could collapse.
Traders should keep an eye on institutional inflows versus the company’s aggressive ATM offerings. SharpLink’s stock is expected to decouple from traditional earnings reports and align more with its Ethereum treasury value.
If the company can accumulate ETH while managing shares, the $734M loss may be seen as volatility rather than destruction. However, if ETH prices don’t recover from recent $2Bn acquisitions, pressure on the $6Bn funding facility will increase.
Looking ahead, the market will closely analyze Q1 2026 earnings for signs of Chalom’s forecast of a 10x increase in Ethereum TVL. For now, SharpLink represents a high-risk bet on Ethereum’s future, with significant losses viewed as a normal cost of doing business.
DISCOVER: Next Crypto to Explode in 2026
The post SharpLink Gaming Stock Reports $734M Loss Tied to ETH Holdings appeared first on Cryptonews.
The ETFs recorded their worst outflow day since late January.
Ripple’s cross-border token has joined the overall market resurgence over the past day, jumping by 4% and touching $1.40.
What’s particularly interesting about this pump today is that it comes despite the substantial outflow from the spot XRP ETFs yesterday.
Why Is XRP Up Today?
XRP was rejected at nearly $1.50 last week when the entire crypto market rebounded after the US and Israel launched attacks against Iran. Alongside most altcoins and the market leader, XRP dumped to $1.35 in the following days and even slipped to $1.32 on Sunday when BTC dropped to $65,500.
It reacted well to the latest correction and went on the offensive, especially in the past 12 hours or so. As of now, the token trades at just over $1.45 for the first time since last Friday. Perhaps a large portion of this jump today could be attributed to the aforementioned market-wide revival propelled by Trump’s remarks yesterday evening that the war with Iran is “very complete, pretty much.”
Separately, today’s gains come just shortly after Ripple’s official channel on X outlined some of the major advancements in the Ripple Payments infrastructure, including over $100 billion in transactions, reaching more than 60 markets, and having 51 real-time rails.
$100B+ processed.
60+ markets.
51 real-time rails.
RLUSD at $1B market cap in under a year.Ripple Payments brings it all together: fiat, stablecoins, 75+ licenses, so businesses can move money globally without the patchwork: https://t.co/f5yXTWOPQk pic.twitter.com/1IpEci84d4
— Ripple (@Ripple) March 9, 2026
What’s Next?
Analyst CW weighed in on XRP’s price performance, noting that long positions continue to “increase gradually,” adding that investors are “quietly preparing for a rise.”
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Fellow analyst CryptoWZRD explained that the asset had closed the previous daily candle indecisively, and added that Ripple’s coin needs “more positive sentiment from XRPBTC, which will help the move.”
They said that positive territory would be visible once XRP reclaims the $1.4230 level; otherwise, it could face another price drop.
XRP Daily Technical Outlook:$XRP closed indecisively. We need more positive sentiment from XRPBTC, which will help the move. Above $1.4230 is positive territory. Below that level, the market will decline further 🧙♂️ pic.twitter.com/0plZtDiFrD
— CRYPTOWZRD (@cryptoWZRD_) March 10, 2026
XRP ETFs Bleed Again
In contrast to the notable 4% gains charted today, the spot XRP ETFs have continued to see substantial withdrawals. Data from SoSoValue shows that investors pulled out a total of $18.11 million from the funds yesterday, the highest single-day net outflow since January 29.
Last week also ended in the red, although it began on a strong note and the ETFs had recorded a 7-day green streak, which was broken on March 5. As of now, the cumulative net inflows have dropped to $1.22 billion from a recent peak of $1.26 billion.
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