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Strategy buys $200M Bitcoin, Kazakhstan crypto plan

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Strategy buys $200M Bitcoin, Kazakhstan crypto plan

In this week’s edition of the weekly recap, Strategy disclosed its third-largest Bitcoin purchase of the year, adding $200 million worth of the asset to reach approximately 720,750 total holdings.

Summary

  • Strategy bought $200M in Bitcoin, raising holdings to about 720,750 BTC.
  • Deloitte verified USAT reserves in the stablecoin’s first attestation.
  • Kazakhstan plans a $350M crypto allocation from national reserves

Additionally, Anchorage Digital engaged Deloitte for USAT’s first attestation report linking Big Four accounting with Tether’s regulated U.S. stablecoin efforts, and Kazakhstan’s central bank confirmed plans to allocate up to $350 million from its reserves for cryptocurrency investments.

Strategy maintains aggressive Bitcoin accumulation

  • The treasury company revealed Monday its third-largest Bitcoin acquisition of 2026, purchasing $200 million worth of the cryptocurrency to expand holdings to roughly 720,750 Bitcoin.
  • This purchase continues Strategy’s systematic accumulation pattern despite Bitcoin trading near levels around $67,000.

Deloitte provides USAT stablecoin attestation

  • Anchorage Digital selected the Big Four accounting firm for USAT’s first attestation report.
  • The report confirmed USAT’s reserves were valued in excess of the stablecoin’s circulating supply, providing third-party verification of backing claims.

Kazakhstan shifts reserves toward digital assets

  • The nation’s central bank confirmed plans to allocate up to $350 million from its approximately $69 billion stockpile of gold and foreign exchange reserves to build a crypto-focused portfolio according to Reuters reporting.
  • The allocation is one of the largest sovereign reserve diversifications into cryptocurrency announced by a national central bank.

Curve Finance alleges PancakeSwap code copying

  • The decentralized exchange publicly accused PancakeSwap of reproducing portions of its code without authorization through March 6 posts on X.
  • Curve claimed PancakeSwap used code from its StableSwap implementation without adhering to license terms governing usage permissions.

Binance denies Iran transaction facilitation

  • The exchange rejected March 6 allegations that its platform aided transactions linked to Iranian entities and responded to a letter from Richard Blumenthal regarding sanctions compliance and anti-money laundering controls.
  • The response addresses concerns about whether Binance’s infrastructure may have inadvertently processed transactions violating international sanctions regimes.

Justin Sun settles SEC fraud allegations

  • The crypto entrepreneur secured a $10 million settlement in a multi-year Securities and Exchange Commission lawsuit that accused him of fraud and securities violations.

iPhone exploit kit targets crypto users

  • Cybersecurity researchers warned that a powerful iPhone exploit framework is increasingly used in cybercrime campaigns targeting cryptocurrency holders.
  • Google’s Threat Intelligence Group reported the “Coruna” exploit kit contains five full iOS exploit chains and 23 vulnerabilities capable of compromising iPhones running operating systems between iOS 13 and iOS 17.2.1.

X penalizes undisclosed AI war content

  • Head of Product Nikita Bier announced revisions to creator revenue-sharing policies, imposing penalties on users posting AI-generated armed conflict videos without clear disclosure.
  • Effective immediately, creators sharing AI-generated war-related videos without labeling them as synthetic will be suspended from the revenue-sharing program for 90 days.

Federal judge dismisses Uniswap liability lawsuit

  • A long-running lawsuit alleging Uniswap Labs was responsible for scam tokens and rug pulls traded on its decentralized exchange protocol ended Monday after a federal judge dismissed the claims.
  • The dismissal resolves allegations that the protocol developer bore liability for fraudulent tokens listed by third parties on its permissionless platform.

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Crypto World

Hyperliquid Will Hit $150 by Mid 2026, Predicts BitMEX’s Arthur Hayes

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Hyperliquid Will Hit $150 by Mid 2026, Predicts BitMEX's Arthur Hayes

Hyperliquid (HYPE) may hit $150 by August, according to BitMEX co-founder Arthur Hayes.

Key takeaways:

  • CEX volume rotation and demand for macro-linked markets, including oil, are boosting HYPE’s bull case.

  • A cup-and-handle setup is hinting at an initial breakout toward $50.

CEX to DEX rotation can grow HYPE prices fivefold

In a post published on Monday, Hayes said that if Hyperliquid keeps pulling derivatives volume away from centralized exchanges (CEX) and expands its product suite, HYPE could climb roughly fivefold from around $30.

To make it happen, Hyperliquid’s 30-day annualized revenue run rate must rise to $1.40 billion by August from $843 million in March.

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CEX to DEX rotation (black line) chart. Source: Defi Llama

Such growth is achievable if the platform captures another 3.96% share of derivatives volume from centralized exchanges after already absorbing roughly 6% as of March.

Hyperliquid uses about 97% of its revenue to buy HYPE tokens from the open market. Therefore, most of the money the platform makes is used to buy its own token, which can support the price if trading activity keeps rising.

That structure, Hayes said, boosts HYPE’s odds of rising toward $150.

Tokenized oil boom: Hyperliquid’s bull case

Hayes’s bullish call came as the US–Iran war turned oil into Hyperliquid’s top-traded assets.

On Tuesday, CL-USDC, its crude oil-linked perpetual pair, reached about $1.29 billion in 24-hour volume, overtaking ETH-USDC at roughly $1.24 billion, showing traders are increasingly using the platform to bet on traditional assets, not just crypto.

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Top-10 traded pairs on Hyperliquid. Source: Hyperliquid

The trend also supports Hayes’s broader HIP-3 thesis. HIP-3 lets users launch perpetual markets permissionlessly by staking HYPE, and Hayes said newer listings tied to oil, gold, silver and major US indexes are already gaining traction.

Related: Oil retreats from 25% surge as G7 weighs emergency reserve release

He argued that HIP-3 now contributes nearly 10% of Hyperliquid’s revenue and could grow revenue by 160% in the coming months if the DEX keeps offering macro assets like gold and oil.

HIP-3 monthly revenue statistics. Source: Maelstrom

Last year, Maelstrom, a family office fund tied to Arthur Hayes, predicted declines in HYPE prices due to $11.90 billion in token unlocks. Since then, the Hyperliquid token has fallen by roughly 40%.

HYPE/USDT daily chart. Source: TradingView

Still, Hayes has also made several high-profile calls that did not play out.

That includes Bitcoin targets of $250,000 by the end of 2025 and $200,000 by March 2026, as well as a January 2025 call for TRUMP memecoin to hit a $100 billion market cap by inauguration.

HYPE technicals hint at initial breakout toward $50

From a technical perspective, HYPE may rally toward $50 in March or by April, based on a cup-and-handle pattern.

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A cup-and-handle forms after a rounded recovery and a brief consolidation. It confirms when price breaks above the neckline resistance, with upside typically measured by the pattern’s maximum height.

HYPE/USD daily price chart. Source: TradingView

Applying the technical rule to HYPE gives a measured upside target of around $50 if the price breaks decisively above the $35.50 neckline resistance. If the pattern plays out, it will result in gains of more than 40% from current levels.

Conversely, a pullback from $35.50 could push the HYPE price initially toward $30, a level aligning with the 0.236 Fibonacci retracement line and the 50-day exponential moving average (50-day EMA, the red wave).