Crypto World

Bitcoin Falls Below $70K Again: 3 Key Reasons

Published

2 hours ago

8 March 2026

The flagship cryptocurrency has retreated from its recent momentum, slipping back into the month’s trading band beneath the $70,000 threshold after a roughly 5% decline over the past two days. Investors and traders are watching for how on-chain activity and derivatives signals align with price action, as data point to renewed selling pressure near the key level. Market participants also noted thinning spot volumes and shifting futures positioning, which together suggest a cautious stance ahead of the next price move. A four-hour view from a widely used charting platform captured the oscillation, underscoring a tussle between buyers aiming to reassert control and sellers eager to cap downside.

Key takeaways

Short-term holders realized profits aggressively as the price rallied above $74,000, with more than 27,000 BTC moving to exchanges from short-term holder wallets in the last 24 hours.
The profit-taking occurred predominantly from levels accumulated in the week prior, with the realized price sitting near $68,000 as selling activity intensified after the test of $70,000.
Futures data showed a broad pattern of selling pressure, with the cumulative volume delta turning negative in both spot and perpetual markets. Specifically, spot delta reached a sizable negative read of about –$202.49 million, while perpetuals hovered around –$185.60 million.
Coinbase-based liquidity signals showed demand cooling near critical inflection points; the Coinbase Premium Index briefly spiked above 0.08 during the rally to the $73,000–$74,000 range but faded as price retraced.
Analysts pointed to a nearby fair value gap around $66,500 as a potential magnet for liquidity, suggesting a zone where price could pause and liquidity could rebalance if downside pressure persists.
Market sentiment in late sessions reflected broader risk-off pressure across equities, with observers noting that Friday’s sessions often weighed on risk assets including the Nasdaq.

Tickers mentioned: $BTC

Sentiment: Neutral

Price impact: Negative. A renewed wave of selling near $70k and the negative CVD readings point to softer near-term momentum.

Trading idea (Not Financial Advice): Hold. The price remains in a narrow range around key support and resistance, with near-term liquidity considerations likely to dictate direction before a clearer breakout or breakdown.

Market context: The latest price action comes as on-chain and derivatives metrics underscore a cautious mood among market participants. The combination of profit-taking from short-term holders, negative delta signals, and weakening US spot demand paints a picture of a market still determining a sustainable path above or below the $70,000 threshold, even as macro factors and risk sentiment continue to influence flows.

Why it matters

The current dynamics highlight how on-chain behavior and derivatives data can diverge from simple price movement. When more than 27,000 BTC in profit moves to exchanges from short-term holders within 24 hours, it signals a cohort that is willing to crystallize gains rather than let profits ride into further upside. That pattern, coupled with a realized price near $68,000, suggests the market could experience episodic selling pressure as traders rebalance risk in a choppy environment.

From a technical standpoint, negative delta readings across spot and perpetual futures imply that sellers have the upper hand in immediate order-flow dynamics. The negative CVDs indicate that the market’s buy-side interest is being overwhelmed by sell-side activity, which tends to coincide with price softness and a willingness to test support zones rather than push decisively toward new highs. This cadence of selling pressures can also be reinforced by liquidity dynamics around key liquidity pockets, such as the fair value gap noted near $66,500, where liquidity-minded traders expect price to revisit to re-establish balanced order books.

On the demand side, the Coinbase Premium Index’s retreat from the intraday spike above 0.08—while fleeting—highlights how demand can evaporate quickly as price moves past critical levels. The erosion of the premium suggests that the surge of Coinbase-based buying that once accompanied the move toward $74,000 did not sustain, contributing to a softer near-term outlook. Analysts have connected these micro-movements to broader risk-off impulses that have been altering how US participants approach risk assets, including equities tied to the tech-heavy Nasdaq.

Looking ahead, observers are watching whether BTC can defend the $67,000–$68,000 zone as a near-term anchor or whether selling pressure intensifies to drive the price toward the lower bound of the current consolidation range. Titan of Crypto has highlighted a nearby fair value gap around $66,500 that could act as a magnet for liquidity should selling accelerate. Such a scenario would likely require a phase of cautious accumulation by larger holders before a renewed attempt at the $70,000 threshold. For now, the mood remains mixed: buyers are present, but the momentum needed to sustain a breakout above $70,000 remains uncertain. A related discussion online raises questions about whether the move to $74,000 was a bull trap, with traders diverging on the implications for a longer-term recovery.

Visual references to the market’s price action can be found in TradingView’s BTCUSDT chart, which has been used to illustrate the four-hour dynamics during this period. The broader context continues to unfold as market participants parse on-chain signals, futures data, and spot-market activity for clues about the next major step in BTC’s path.

Note: This narrative summarizes market developments and does not constitute investment advice. Market conditions can change quickly, and readers should conduct their own research before making trading or investment decisions.

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What to watch next

Monitor BTC around the $66,500–$68,000 zone for possible liquidity-driven rebalancing.
Watch spot and futures delta for signs of a shift toward positive accumulation or further selling pressure.
Track Coinbase Premium Index movements to gauge whether demand from US-based participants re-accumulates near the $70k–$74k region.
Assess the influence of US macro data and risk-on/risk-off sentiment on a potential break above or below the current range.

Sources & verification

CryptoQuant QuickTake on STH selling pressure and profit transfers (27,000 BTC moved to exchanges in 24 hours).
IT Tech’s analysis of CVD movements in spot and perpetual futures (negative readings: spot around –$202.49 million, perpetual around –$185.60 million).
Coinbase Premium Index data showing decay after a brief spike near $73,000–$74,000.
Titan of Crypto’s analysis of a nearby fair value gap near $66,500 and liquidity considerations.
Related coverage: “Was $74K a bull trap? Bitcoin traders diverge on 2022 crash repeating.”
TradingView BTCUSDT four-hour reference chart for price action context.
Cointelegraph coverage referencing Bitcoin price dynamics near $68K amid US jobs data.

Bitcoin price action and near-term outlook

Bitcoin (CRYPTO: BTC) moved to test the lower end of its immediate range after failing to sustain a push above the $70,000 mark, a level that has repeatedly acted as a psychological magnet for bulls. The day’s price action reflected a tug-of-war between demand from speculators looking to re-enter momentum trades and longer-term holders who remain more comfortable booking profits at elevated levels. The substantial transfer of profits from short-term holders to exchanges underscored a cautious stance among market participants who prefer crystallizing gains rather than chasing further upside in a market that has shown fragility in the face of macro and sector-wide risk signals.

The negative delta readings in both spot and perpetual futures markets emphasize the immediate pressure that price action is facing. With bid liquidity pulling back and on-chain activity signaling profit realization, even a modest dip can invite additional selling, particularly if market participants recalibrate risk exposure in response to incoming macro data or shifting regulatory narratives. Yet the presence of liquidity in place—evidenced by the level of bids near a crucial support zone—suggests that a flush to the downside may be met with renewed accumulation rather than a wholesale capitulation, should demand return to the scene.

As the market digests these signals, a potential rebound could emerge if buyers manage to defend the $67,000–$68,000 area and push back toward the $70,000–$72,000 zone. The interplay between short-term profit-taking behavior and longer-term conviction will likely shape the next wave of liquidity provision, setting the tone for the next phase of the market’s evolution. Traders and researchers will be watching not only price levels but also the behavior of major on-chain cohorts and the evolution of sentiment across futures and spot markets, waiting for a clear sign that the current pullback is a temporary pause or the beginning of a more meaningful correction.

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Crypto World

RWA Market Tops $24.9B as Tokenized Gold, Stocks, and Treasuries Reshape Crypto Finance

Published

3 minutes ago

8 March 2026

NewsAdmin

Nexo Partners with Bakkt for US Crypto Exchange and Yield Programs

TLDR:

Tokenized RWAs hit $24.9B in Feb 2026, up 289% YoY as six asset classes cross the $1B mark.
BlackRock’s BUIDL leads tokenized Treasuries at $2.2B after surging 239% over the past year.
Tokenized stocks reached $786M since mid-2025, growing independently of Bitcoin’s price swings.
Only 11.8% of $8.49B in RWA stablecoins are active in DeFi due to KYC and whitelist barriers.

The tokenized real-world asset market crossed $24.9 billion in February 2026. That figure marks a 289% increase from $6.4 billion just one year prior.

Six asset classes now individually exceed $1 billion in tokenized value. The market is no longer driven by a single sector. It is diversifying fast.

Treasuries, Gold, and Equities Drive Explosive RWA Expansion

U.S. Treasuries remained the largest segment. They grew 183% year-over-year, reaching $10.8 billion, according to data compiled by Nexus Data Labs.

Active products expanded from 35 to 53, with entries from Fidelity, ChinaAMC, and VanEck. BlackRock’s BUIDL fund now leads the space at $2.2 billion, up 239% in 12 months.

Ondo Finance’s combined Treasury exposure reached $2 billion across OUSG and USDY.

Superstate’s USTB grew 499% to $0.8 billion. WisdomTree’s WTGXX surged 759%. The top-three concentration in this market dropped from 61% to 48%, per Nexus Data.

Tokenized stocks are the newest category and the fastest-growing. They scaled from near-zero to $786 million since mid-2025.

Platforms including Ondo Finance, Backed Finance, Dinari, and Robinhood now offer onchain access to NVDA, TSLA, GOOGL, SPY, and QQQ. Growth continued even while Bitcoin dipped below $70,000.

Tokenized gold also posted strong gains. Circulating supply on Ethereum nearly doubled, from 687,000 to over 1.3 million troy ounces in 12 months.

The spot price of gold rose 80% over the same period, from $2,963 to $5,327. Supply growth outpaced price gains. That signals active minting, not passive price appreciation.

88% of RWA-Backed Stablecoins Remain Locked Outside DeFi Protocols

The stablecoin side of the RWA story tells a different tale.

Total RWA-backed stablecoin supply stands at $8.49 billion, per DeFiLlama. Only $1 billion of that, roughly 11.8%, is actively deployed in DeFi protocols.

DAI dominates by market cap at 53%, or $4.48 billion. USDY from Ondo Finance holds 15% of supply. But when filtered for active DeFi usage, USDY drops to just 1.99% of utilization. YLDS, at $598 million in supply, disappears from DeFi entirely.

The gap comes down to access restrictions. KYC requirements and whitelisting walls block permissioned tokens from integrating with permissionless DeFi contracts.

Permissionless assets show a stark contrast. reUSD posts 96.7% DeFi utilization. USDtb reaches 29.5%. Legacy FRAX sits at 28%.

That leaves $7.49 billion, roughly 88% of all RWA-backed stablecoin supply, sitting outside DeFi. The infrastructure exists. The capital is onchain.

Composability remains the gap between presence and productivity.

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Crypto World

CEXs Have Zero Motive to Aid Terrorists as Court Dismisses Case

Published

9 minutes ago

8 March 2026

NewsAdmin

In a setback for plaintiffs seeking to link Binance to terrorist financing, a U.S. federal court in New York dismissed a broad claim that the exchange helped move funds for terrorist groups. The ruling comes as Binance and its founder CEO, Changpeng Zhao, have repeatedly argued that centralized crypto exchanges operate on economic incentives that make it irrational for criminals to use legitimate platforms for funding violent acts. The decision, while narrow in scope, underscores the challenges in tying crypto trading venues to specific acts of violence, even amid heightened scrutiny over sanctions and compliance practices.

Key takeaways

The Southern District of New York judge dismissed the case at the pleading stage, citing an insufficient link between Binance’s operations and the listed attacks.
The plaintiffs represented 535 individuals connected to 64 attacks dating from 2016 to 2024, attributed to groups including Hezbollah, Hamas, ISIS, al-Qaeda and Palestinian Islamic Jihad.
Changpeng Zhao (CZ) asserted on X that centralized exchanges have “zero motive” to assist terrorists, arguing that such activity would not generate trading revenue and would likely be short-livedDeposits.
The court’s decision narrows the path for victims pursuing anti-terrorism claims under statutes such as the US Anti-Terrorism Act and the Justice Against Sponsors of Terrorism Act.
Binance has faced separate scrutiny over sanctions-related transactions and Iran-linked activity, including pushback against Senate probes and media reports that alleged extensive ties to sanctioned entities.

Sentiment: Neutral

Market context: The ruling arrives amid a broader backdrop of intensified regulatory scrutiny of centralized exchanges, including debates over sanctions enforcement, AML/KYC standards and the role of crypto platforms in cross-border law enforcement efforts. While the decision limits one legal avenue for victims, it does not resolve ongoing questions about how large exchanges respond to illicit activity and geopolitical sanctions.

Why it matters

The SDNY’s dismissal signals that, at least in this case, plaintiffs faced a high bar in proving direct, actionable links between Binance’s services and the specific terrorist attacks cited in the complaint. The decision emphasizes the difficulty of proving causation for criminal actions that occur through a broad, permissionless ecosystem where many intermediaries and third parties could be involved. For traders and institutions watching regulatory risk, the ruling reinforces the boundary between platform responsibility and the broader ecosystem in which crypto assets circulate.

From a policy vantage point, the case highlights the tension between victims seeking redress under anti-terrorism statutes and the practical standards courts apply to show that a platform’s compliance practices materially facilitated or enabled wrongdoing. The judge’s ruling does not absolve Binance of potential wrongdoing in other contexts, but it does illustrate how courts assess linkages between a platform’s operations and the crimes alleged. In the process, it preserves the possibility that future amendments to complaints, if sufficiently grounded, could reframe liability questions under different facts or legal theories.

Beyond the courtroom, Binance’s public posture remains that it endeavors to operate within regulatory expectations while contesting allegations that rely on incomplete or mischaracterized information. The exchange has repeatedly argued that its internal controls, risk models and cooperation with authorities are designed to prevent illicit activity, and it has asserted that certain allegations—particularly those tied to sanctions evasion—are overstated or unfounded. The recent court decision, while narrow, interacts with a broader narrative about how exchanges balance rapid, global crypto trading with stringent compliance obligations.

What to watch next

Whether plaintiffs pursue an amended complaint within the 60-day window noted by the judge, potentially re framing allegations or adding new evidence to strengthen causation links.
Binance’s ongoing responses to regulatory inquiries, including statements addressing Senate probes and sanctions-related reporting, and how the company frames its compliance posture in light of evolving rules.
Regulatory developments surrounding Iran-related and other sanctions-compliance matters, as policymakers weigh enforcement priorities and the role of major crypto platforms in monitoring cross-border flows.
Subsequent court activity, including any appeals or related actions that might test different legal theories or damages frameworks under anti-terrorism statutes.

Sources & verification

U.S. District Court for the Southern District of New York dismissal order (PDF) detailing the court’s rationale for ruling at the pleading stage.
Original court filing referenced in coverage, including the inclusion of 535 plaintiffs connected to 64 attacks (2016–2024).
Changpeng Zhao’s X post remarking on the economics of centralized exchanges and their lack of motive to engage with terrorists.
Binance’s response to Senate inquiries and related reporting discussed in coverage of sanctions and Iran-linked activity.

Binance court ruling and regulatory scrutiny

The decision in the SDNY case marks a notable moment in crypto litigation, illustrating how courts evaluate the relationship between a large exchange’s operations and criminal acts pursued by external actors. While the ruling narrows the path for the plaintiffs, it does not preclude other lawsuits or investigations that might pursue different factual or legal avenues. In the immediate aftermath, Binance pressed a cautious but defiant stance on the sanctions-related allegations, reiterating that a February inquiry relied on information the firm described as false and lacking credible substantiation. The exchange emphasized its commitment to compliance and cooperation with authorities while warning against conflation of isolated incidents with systemic failures.

As the industry navigates a landscape of looming regulatory expectations, the case underscores the importance of robust AML/CFT controls, transparent transaction monitoring, and proactive risk management—elements that policymakers argue are essential to preserving the integrity of crypto markets. It also highlights how defendants in high-profile cases must balance public diplomacy with legal strategy, especially when countering narratives that tie crypto platforms to violent acts or sanctioned networks. In this environment, market participants—ranging from retail traders to institutional buyers—will be closely watching how courts interpret platform responsibilities and how regulators adapt their guidance to evolving technologies and use cases.

What to watch next

The 60-day window for an amended complaint, which could shift pleadings and potentially introduce new factual claims.
Binance’s continued engagement with U.S. lawmakers and regulators as scrutiny around Iranian-linked transactions and broader sanctions compliance persists.
Any new court actions related to similar theories of liability, including potential appeals or separate lawsuits that challenge platform practices or risk controls.

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Crypto World

Bitcoin ETFs post $568M inflows after $1.15B buying wave

Published

16 minutes ago

8 March 2026

NewsAdmin

Bitcoin spot ETFs recorded $568.45 million in net inflows for the week ending March 6 and were the second consecutive week of positive flows.

Summary

Bitcoin ETFs recorded $568.45M weekly inflows.
A $1.15B buying wave from March 2–4 offset $576M in late-week outflows.
Ethereum ETFs added $23.56M, but heavy redemptions erased most midweek gains.

Three days of strong buying from March 2-4 totaling $1.15 billion offset outflows on March 5-6 that drained $576.66 million, leaving the week with net positive flows.

Bitcoin (BTC) traded below $67,000 after dropping 2% over 24 hours, while total net assets for Bitcoin ETFs reached $87.07 billion.

March 2-4 buying wave brings $1.15 billion before reversal

March 2 and March 4 posted nearly identical inflows of $458.19 million and $461.77 million respectively, bracketing March 3’s $225.15 million in positive flows.

The three-day streak brought $1.15 billion into Bitcoin ETF products. March 5 recorded $227.83 million in outflows, followed by March 6’s larger $348.83 million in redemptions.

The two-day withdrawal period removed just under half of the prior three days’ gains but left the week with $568.45 million in net inflows.

Weekly trading volume reached $25.87 billion for the period ending March 6, up from $15.99 billion during the week ending February 27.

Total net assets climbed from $83.40 billion on February 27 to $87.07 billion on March 6.

Ethereum posts modest $23.56 million in weekly inflows

Ethereum spot ETFs recorded $23.56 million in net inflows for the week ending March 6, down sharply from the prior week’s $80.46 million.

March 4 posted the strongest single-day performance at $169.41 million before two consecutive days of heavy outflows.

March 5 saw $90.94 million in redemptions, followed by March 6’s $82.85 million in outflows.

The two-day withdrawal period nearly wiped out March 4’s gains. March 2 added $38.69 million in inflows while March 3 posted a modest $10.75 million in outflows.

Total net assets for Ethereum products reached $11.28 billion with cumulative total net inflow at $11.63 billion. Ethereum price also traded below $1,900 after the 2% daily decline.

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Crypto World

Kalshi, Polymarket Discuss Fundraising at $20B Valuations: Report

Published

23 minutes ago

8 March 2026

NewsAdmin

US President Donald Trump’s newly released National Cyber Strategy outlines federal support for strengthening the security of cryptocurrencies and blockchain systems, including protections against future threats posed by quantum computing.

Key Takeaways:

Kalshi and Polymarket are exploring fundraising rounds that could value each platform at around $20 billion.
The potential valuations would mark a sharp increase from their latest funding rounds of $11 billion for Kalshi and $9 billion for Polymarket.
Rapid growth in prediction markets is attracting investor interest even as regulatory scrutiny rises.

The strategy, published Friday by the White House, states that the administration intends to ensure the United States remains “unrivaled in cyberspace.”

The document highlights the role of secure digital infrastructure and emphasizes that Americans should take steps to safeguard their online activities while the government works to reinforce broader cybersecurity protections.

Trump Cyber Strategy Highlights Crypto and Blockchain Security

Within that framework, the strategy includes a specific focus on emerging technologies tied to the digital asset sector.

According to the document, the administration plans to “build secure technologies and supply chains that protect user privacy from design to deployment,” while also supporting the security of cryptocurrencies and blockchain networks.

The strategy also calls for promoting post-quantum cryptography, encryption systems designed to withstand attacks from future quantum computers, alongside the development of secure quantum computing technologies.

The mention of crypto security comes as debate intensifies within the digital asset industry over whether major blockchain networks are prepared for a future where quantum machines could break current encryption methods.

Quantum computers remain largely experimental, but researchers have warned that sufficiently powerful versions could one day crack cryptographic systems used by Bitcoin and other blockchains.

Such a development would require networks to migrate to new encryption standards capable of resisting quantum attacks.

Some figures in the crypto sector argue the risk remains distant. Michael Saylor, co-founder of Bitcoin-focused firm Strategy, has said concerns about quantum threats are exaggerated, though he acknowledges that developers should remain prepared for technological shifts.

Other projects have begun exploring upgrades more actively. Ethereum co-founder Vitalik Buterin proposed a “quantum roadmap” earlier this year aimed at preparing the blockchain for a future where quantum computing could undermine existing cryptographic protections.

Trump’s cybersecurity plan arrives alongside other policy actions that touch the digital asset sector.

On the same day the strategy was released, the president signed an executive order targeting cybercrime, part of a broader effort to strengthen the country’s digital defenses.

Trump Expands Pro-Crypto Agenda With Bitcoin Reserve and CBDC Ban

Since returning to office, Trump has taken several steps aimed at reshaping US crypto policy. Last year, he approved the creation of a strategic Bitcoin reserve held by the federal government.

The reserve currently contains Bitcoin seized in criminal cases, and the administration has not indicated plans to acquire additional assets.

Earlier executive actions also included a sweeping review of digital asset policy and a prohibition on the development of US central bank digital currencies, reflecting the administration’s stance against government-issued digital money.

Meanwhile, Trump has intensified pressure on Jerome Powell, including threats of a criminal investigation, but the Federal Reserve has again held interest rates steady, citing solid growth and still-elevated inflation.

Powell declined to comment on the investigation and defended the Fed’s independence, warning that politicizing monetary policy would undermine the institution’s credibility.

As reported, Bitcoin has shed roughly 25,000 millionaire addresses in the year since Donald Trump returned to the White House, even as US policy shifted toward a more crypto-friendly stance.

Blockchain data shows the number of addresses holding at least $1 million in BTC fell about 16% year over year, suggesting regulatory optimism has not translated into sustained on-chain wealth growth.

The post Kalshi, Polymarket Discuss Fundraising at $20B Valuations: Report appeared first on Cryptonews.

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Crypto World

Ripple Whales Take Control of XRP Trading as Key Metric Signals Potential Rally

Published

29 minutes ago

8 March 2026

NewsAdmin

Ripple Whales Take Control of XRP Trading as Key Metric Signals Potential Rally

The transactions on the XRP Ledger has been growing lately, while one analyst explained the importance of the XRP/BTC pair.

Although it was rejected at $2.40 at the beginning of the year, crashed hard in the following month, and even its rebound attempt was halted at $1.65, XRP is still primed for upcoming gains, noted a few analysts on X.

The factors that could propel an impressive rally are whales’ behavior and the growing network usage of the XRP Ledger. Additionally, the XRP/BTC trading pair has reached a pivotal moment that could determine the future price moves of Ripple’s token.

Whales Dominate

Analyst CW indicated that the transactions on the XRP Ledger have been growing lately, which they categorized as a “positive signal” in the current macro conditions. This is because investors generally abandon the market and transactions decrease during bear phases. However, a rise in this metric now is a pattern that precedes a price rally.

Transactions on the $XRP ledger are increasing.
In general, in a bear market, investors leave market and transactions decrease.
An increase in transactions is a pattern that before a rally.
The transaction count, which had been declining since December 2024, is now increasing… pic.twitter.com/g7jkYZQWA8
Advertisement

— CW (@CW8900) March 7, 2026

In another post, the analyst outlined the significance of big whales in the XRP ecosystem. They noted that these large market participants continue to dominate XRP trading, maintaining a buying trend. CW added that they continue to accumulate tokens at prices below $2.40.

This is also regarded as a bullish signal for the underlying asset, as whales typically make sizeable purchases that reduce the immediate selling pressure. Moreover, retail investors tend to follow whales.

The XRP/BTC Pair

In a post titled “The Hidden Liquidity Cycle,” analyst EGRAG CRYPTO explained that the XRP/BTC pair demonstrates when “capital rotates” from the market leader to the altcoins. Historically, “XRP explodes” when this happens.

Crypto World

China says ‘thorough preparations’ needed ahead of Trump-Xi meeting

Published

36 minutes ago

8 March 2026

NewsAdmin

US-China tech decoupling will be a "long and uncomfortable" process, says Analyst

Chinese Foreign Minister Wang Yi attends a press conference on China’s foreign policy and external relations on the sidelines of the fourth session of the 14th National People’s Congress (NPC) on March 8, 2026 in Beijing, China.

Vcg | Visual China Group | Getty Images

BEIJING — China’s top diplomat Wang Yi underscored Sunday the benefits of interacting with the U.S., and signaled preparations are underway for a planned meeting between the two countries’ leaders amid differences over the war in Iran and trade tariffs.

“The agenda of high-level exchanges is already on the table,” Wang told reporters in Mandarin Chinese, according to an official translation. “What the two sides need to do now is make thorough preparations accordingly, create a suitable environment, manage the risks that do exist and remove unnecessary disruptions.”

“Turning our backs on each other would only lead to mutual misperception and miscalculation,” he said. “Sliding into conflict or confrontation would only drag the whole world down.”

After an in-person meeting in South Korea in the fall, Chinese President Xi Jinping and U.S. President Donald Trump indicated plans to visit each other’s countries.

Trump is scheduled to visit China from March 31 to April 2, which would be the first trip to the country by a sitting U.S. president since 2017.

However, Beijing has yet to confirm the exact dates of a Trump visit. Wang did not elaborate either, but noted the U.S. and Chinese presidents’ high-level interactions have “provided [an] important strategic safeguard for the China-U.S. relationship to improve and move forward.”

Some analysts have raised doubts over whether the trip will happen on schedule, especially since it would likely come shortly after joint U.S.-Israeli attacks on Iran that killed its Supreme Leader Ayatollah Ali Khamenei and the U.S. capture of Venezuelan leader Nicolas Maduro.

Wang did not name either individual in his remarks to the press Sunday morning but reiterated Beijing’s calls for a ceasefire in the Iran conflict.

“This is a war that should not have happened,” he said. “It is a war that does no one any good.”

Wang has held phone calls with at least seven foreign ministers — including those of Russia, Iran and Israel — since the joint U.S.-Israel strikes on Iran began on Feb. 28, according to official readouts.

He was speaking Sunday to reporters on the sidelines of China’s eight-day annual parliamentary meeting that is set to wrap Thursday. China’s top leaders, including President Xi Jinping, Premier Li Qiang and Vice Premier He Lifeng, are meeting in Beijing with delegates from across the country.

Tariffs in question

The bilateral discussions come as the U.S. and China reached a fragile truce in October for lowering tariffs on each other’s goods to below 50% for one year. The two countries had previously ratcheted up duties to well over 100% during the height of tensions last spring.

In response to a question about Trump’s casting of U.S.-China relations as a new “G2” for leading the world, Wang pushed back against the idea that two countries alone would do so, instead emphasizing multipolarity.

Without naming the U.S., Wang warned against “erecting tariff barriers and pushing [for] economic and technological decoupling.”

“This is no different from using kindling to put out a fire,” he said. “You will only get burned.”

Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.

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Crypto World

Reasons behind the crypto crash with Trump as President and Paul Atkins at the SEC

Published

43 minutes ago

8 March 2026

NewsAdmin

Bitcoin investors face ‘harvest now, decrypt later’ quantum threat

The crypto crash has unfolded under Donald Trump as the president and Paul Atkins as the head of the Securities and Exchange Commission.

Summary

The crypto market crash has happened under Donald Trump as President.
It also tumbled despite the friendly regulations under Paul Atkins.
Trump’s second term has been characterized by uncertainty, especially on trade.

Crypto crash has happened under Donald Trump

Bitcoin (BTC) has already erased all the gains made during the Trump presidency and is now trading at its lowest level since October 2024. Altcoins have done worse, with some notable names like Shiba Inu and Cardano hovering near their lowest levels in 2022.

The ongoing crypto crash is ironic as the industry has some major tailwinds. President Trump is the most friendly president for the industry, while Paul Atkins has embraced a different approach than Gary Gensler.

For example, Gary Gensler ended the lawsuits against top companies like Coinbase, Uniswap, and Ripple. He also embraced a more friendly approach, including not launching any lawsuits.

Washington has also enacted some friendly regulations. It passed the GENIUS Act last year, and is now working on the CLARITY Act that will separate SEC and CFTC duties.

There are a few reasons behind the crypto market crash under Trump. Analysts cite the launch of the Official Trump meme coin as a major risk in the industry as it drained vast liquidity. The meme coin initially jumped to $50 and then plunged to below $5.

At the same time, geopolitical risks have remained elevated under Trump. It started with his global tariffs to the current war in Iran that has pushed crude oil prices to the highest level in years.

His tariffs disrupted the falling inflation and pushed the Federal Reserve to be more cautious in its monetary policy. This trend may continue in the foreseeable future as inflation is expected to rise now that the crude oil and natural gas prices have jumped by over 50% this year amid the war in Iran.

Deleveraging after the huge liquidation event in October

Crypto prices have also crashed amid his ongoing deleveraging among investors, especially after the major liquidation event that happened on October 10 last year when over 1.6 million traders were wiped out.

Over $20 billion was lost on that day. Since then, the futures open interest has tumbled to below $100 billion, while the weighted funding rate has largely moved sideways. The Crypto Fear and Greed Index has remained in the red in the past few months.

The crypto crash also happened because of the gridlock in Washington about the CLARITY Act, which has stalled in the past few months. This gridlock started when Coinbase withdrew its support, citing the view that the bill made it almost impossible for crypto companies to pay stablecoin rewards.

Banks and credit unions have argued that allowing these companies to offer rewards will drain funds from their institutions, which will affect the broader economy.

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Crypto World

US Court Dismisses Binance, CZ Terrorism Financing Lawsuit

Published

50 minutes ago

8 March 2026

NewsAdmin

US Court Dismisses Binance, CZ Terrorism Financing Lawsuit

Former Binance CEO Changpeng “CZ” Zhao said centralized crypto exchanges have “zero motive” to assist terrorists after a US court dismissed a lawsuit accusing the exchange of facilitating terrorist financing.

In a post on X, Zhao argued that the economics of crypto trading make such activity illogical for exchanges. “There are absolutely zero (0) motive for any CEX to have anything to do with terrorists,” Zhao wrote, adding that such actors are unlikely to generate trading revenue and may only deposit funds briefly before withdrawing them.

The comments followed a ruling by the US District Court for the Southern District of New York that dismissed claims brought by hundreds of victims and relatives of victims of terrorist attacks. The lawsuit alleged that Binance, Zhao and Binance.US operator BAM Trading Services helped terrorist groups move funds through cryptocurrency transactions.

According to the court filing, the plaintiffs represented 535 individuals linked to victims of 64 attacks carried out between 2016 and 2024. The incidents were attributed to groups including Hezbollah, Hamas, ISIS, al-Qaeda and Palestinian Islamic Jihad.

Victims seek damages from Binance

The plaintiffs argued that the attackers or affiliated organizations benefited from transactions conducted on the Binance exchange. They sought damages under the US Anti-Terrorism Act and the Justice Against Sponsors of Terrorism Act, which allows victims to pursue claims against entities accused of assisting terrorist acts.

Judge Jeannette A. Vargas dismissed the case after finding that the complaint failed to establish a sufficient connection between Binance’s operations and the attacks themselves. While the filing described alleged compliance failures and illicit activity on the platform, the court said the plaintiffs did not plausibly link the exchange’s conduct to the specific attacks that caused their injuries.

The decision effectively ended the case at the pleading stage. The judge also said that “any amended complaint shall be due within 60 days.”

Binance denies Iran transaction claims

The recent win for Binance comes at a time when the exchange is under growing scrutiny over transactions tied to sanctioned entities. On Friday, the exchange pushed back against allegations raised by a group of 11 US senators, rejecting claims that it facilitated transactions tied to Iranian entities.