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Bitcoin ‘more likely’ to hit $110K before $76.5K — Arthur Hayes

Bitcoin could reach a new all-time high of $110,000 before any significant retracement, according to some market analysts, who cite easing inflation and rising global liquidity as key factors supporting the price rally.

Bitcoin (BTC) has been rising for two consecutive weeks, achieving a bullish weekly close just above $86,000 on March 23, TradingView data shows.

Combined with fading inflation-related concerns, this may set the stage for Bitcoin’s rally to the $110,000 all-time high, according to Arthur Hayes, co-founder of BitMEX and chief investment officer of Maelstrom.

BTC/USD, 1-week chart. Source: Cointelegraph/TradingView

Hayes wrote in a March 24 X post:

“I bet $BTC hits $110k before it retests $76.5k. Y? The Fed is going from QT to QE for treasuries. And tariffs don’t matter cause of “transitory inflation.” JAYPOW told me so.”

Source: Arthur Hayes

“What I

Michael Saylor’s Strategy surpasses 500,000 Bitcoin with latest purchase

Michael Saylor’s Strategy has acquired over $500 million worth of Bitcoin as institutional interest and exchange-traded fund (ETF) inflows make a comeback.

Strategy acquired 6,911 Bitcoin (BTC) for over $584 million between March 17 and March 23 at an average price of $84,529 per coin, according to a March 24 filing with the US Securities and Exchange Commission (SEC).

Source: US SEC

Following the latest acquisition, the company now holds more than 500,000 Bitcoin, with a total of 506,137 Bitcoin acquired at an aggregate purchase price of roughly $33.7 billion and an average purchase price of approximately $66,608 per Bitcoin, inclusive of fees and expenses.

The milestone comes a day after Strategy co-founder Michael Saylor hinted at an impending Bitcoin investment after the company announced the pricing of its <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/strategy-announces-10-preferred-stock-buy-btc" rel="null" target="null"

BugsCoin (BGSC) booms: 50% burn & trading surge signal global Web3 ascent

Bugs Coin (BGSC), created by the renowned Korean trading YouTuber Inbum with 630,000 subscribers, is quickly making its mark in the global cryptocurrency market. Originally launched as an innovative Web3-based cryptocurrency project, BGSC aims to transcend the traditional limitations of meme coins by integrating cultural and artistic elements to build a strong, community-driven ecosystem.

Currently, BGSC is listed on major global exchanges. Built on the BNB Smart Chain (BSC), BGSC provides users with fast transaction speeds and low fees, enhancing overall user experience.

Gate Ventures invests $8.5M in Bugs Coin ecosystem

Gate Ventures, recently announced via its official channels that it has made a strategic investment of $8.5 million in the Bugs Coin ecosystem.

This investment will be used to accelerate the development of the AntTalk trading platform and the BGSC token. Gate Ventures stated, “Our strategic collaboration with BGSC aims to promote cryptocurrency education and trading while increasing global market participation.”

Explosive trading volume

DYDX shoots up 10% as buybacks get a quarter of protocol revenue

Decentralized finance (DeFi) trading platform dYdX announced its first-ever token buyback program on March 24, aiming to reinvest in its ecosystem to enhance security and governance.

According to the announcement, 25% of the protocol’s net fees will be dedicated to monthly buybacks of its native dYdY (DYDX) token on the open market.

Following the announcement, DYDX surged over 10% and was trading at approximately $0.731 at the time of writing, according to CoinGecko. The token has gained more than 21% over the past two weeks.

DYDX spikes on buyback news. Source: CoinGecko

New dYdX distribution model

Previously, dYdX distributed 100% of its platform revenue to ecosystem participants. Under the new allocation model, 25% will be used for token buybacks, another 25% will fund its USDC liquidity provision program,

StilachiRAT malware: How it targets crypto wallets on Chrome

What is StilachiRAT malware?

In November 2024, Microsoft Incident Response researchers uncovered a remote access Trojan (RAT) called StilachiRAT. This discovery highlights the evolving nature of cyber threats, with the malware combining multiple malicious functions into a single tool for maximum impact.

Designed to evade detection and exfiltrate sensitive data, StilachiRAT steals credentials and extracts and decrypts usernames and passwords stored in Google Chrome. It performs extensive system reconnaissance, collecting details such as operating system information, BIOS (Basic Input/Output System) serial numbers, camera presence and active remote desktop protocol (RDP) sessions.

With a focus on stealing cryptocurrencies, StilachiRAT scans for up to 20 crypto wallet extensions within Chrome, including those from Coinbase, Fractal, Phantom, Manta and Bitget. It also monitors clipboard activity and running applications, specifically looking for sensitive information like passwords and private keys.

Although Microsoft has yet to attribute StilachiRAT to a specific

Read More at https://cointelegraph.com/explained/stilachirat-malware-how-it-targets-crypto-wallets-on-chrome?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Infini takes legal action after $50 million stablecoin exploit

Stablecoin payment platform Infini has filed a lawsuit against a developer and several unidentified individuals suspected of involvement in a hack that drained nearly $50 million in crypto assets.

On March 24, the Infini team sent an onchain message to the attacker, naming the developer Chen Shanxuan and three other unidentified persons with access to wallets involved in the exploit as defendants in an ongoing lawsuit.

Infini said that the 49.5 million USDC (USDC) traced from the plaintiff’s funds are subject to an ongoing legal dispute and are contentious in nature. “Any subsequent holders of the said crypto assets (if any) once held in those wallets that they cannot claim the status of bona fide purchases without notice of the dispute,” Infini stated.

The Hong Kong court also sent an injunction order through the onchain message, a method

How long will Bitcoin’s price consolidation last?

Bitcoin (BTC) price has been consolidating in a wide range between $76,600 to $87,500 since March 11.

According to technical and onchain indicators, Bitcoin’s consolidation may continue for some time. The key question that remains is when Bitcoin will break out of the current multiweek range.

XRP/USD daily chart. Source: Cointelegraph/TradingView

BTC price must reclaim $90K to end consolidation

Bitcoin may continue consolidating in its current range for a bit longer, particularly if $90,000 is not reclaimed, says one popular crypto analyst.

In a March 23 post on X, market analyst Daan Crypto Trades said:

Since March 11, BTC price action has been “choppy,” failing to produce a streak of green or red candles in the daily timeframe.

Sentiment and momentum will return in favor of bulls once the price retakes the previous range, which sits above $90,000.

If that happens, it “would

Bitcoin ETFs log first net inflows in weeks, while Ether outflows continue

Spot Bitcoin exchange-traded funds (ETFs) in the US snapped a five-week net outflow streak in the trading week ending March 21.

Bitcoin (BTC) ETFs clocked a net inflow of $744.4 million — the biggest tally in eight weeks — extending their daily inflow streak to six consecutive days, according to data from SoSoValue.

US-based spot Bitcoin ETF net flows get back on track. Source: SoSoValue

Five funds contributed to the inflows, with the bulk coming from BlackRock’s iShares Bitcoin Trust (IBIT), which recorded $537.5 million. Fidelity’s Wise Origin Bitcoin Fund (FBTC) followed with $136.5 million.

The renewed inflows come after a bearish period for both the crypto market and the broader global economy, marked by growing concerns over escalating trade tensions and rising recession concerns.

Related: US recession would

Dohrnii Labs accuses Blynex of illegally liquidating token assets

Learn-to-earn platform Dohrnii Labs has filed a police report in the United Arab Emirates, accusing local crypto exchange Blynex of liquidating its tokens without authorization and failing to deliver a promised loan.

According to a statement shared with Cointelegraph, Dohrnii Labs deposited 12,649.99 Dohrnii (DHN) tokens — valued at more than $500,000 — with Blynex. On March 23, the company said it used 8,650 of those tokens as collateral for a 30-day loan in exchange for 80,000 Tether’s USDt (USDT).

Dohrnii claims the exchange never delivered the USDT. Furthermore, the team said Blynex liquidated its entire 8,650 DHN position on Uniswap, receiving 149,151 USDT and causing a drop in the token’s market value.

Attempts to withdraw the remaining 4,000 DHN tokens were unsuccessful, the company said.

Source: Dohrnii Labs

Blynex claims it was automated risk management

Blynex co-founder Mike Baskes told Cointelegraph the incident was part

DWF Labs launches $250M fund for mainstream crypto adoption

Dubai-based crypto market maker and investor DWF Labs has launched a $250 million Liquid Fund aimed at accelerating the growth of mid- and large-cap blockchain projects and driving real-world adoption of Web3 technologies.

DWF Labs is set to sign two significant investment deals worth $25 million and $10 million as part of the fund.

The initiative aims to grow the crypto landscape by offering strategic investments ranging from $10 million to $50 million for projects that have the potential to drive real-world adoption, according to a March 24 announcement shared with Cointelegraph.

Source: DWF Labs

The fund will focus on blockchain projects with significant “usability and discoverability,” according to Andrei Grachev, managing partner of DWF Labs.

“We’re focusing our support on mid to large-cap projects — the tokens and platforms that typically serve as entry points for retail users,” Grachev told Cointelegraph, adding:

“However, good technology and utility alone isn’t sufficient. Users first need to discover