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Bitcoin, Ethereum to end Q1 in the red, ‘vertical swing up’ unlikely

Bitcoin and Ethereum are poised to suffer their worst first quarter in years unless they can pull off a huge rally in the next few days.

Ether (ETH) has dropped 37.98% so far over the first quarter of 2025, its worst Q1 decline since 2018, when it plunged 46.61%, according to CoinGlass data. Meanwhile, Bitcoin (BTC) is down 6.49% so far over the quarter, which is slated to end on March 31 — marking its worst Q1 performance since 2020, when it saw a 10.83% decline.

Crypto market unlikely to flash green before end quarter

Swyftx lead analyst Pav Hundal told Cointelegraph that a “vertical swing up into the end of the quarter looks unlikely.”

Ether has posted an average return of 78.23% in the first quarter of every year since 2017. Source: <a data-ct-non-breakable="null" href="https://www.coinglass.com/today" rel="nofollow noopener" target="_blank"

Crusoe to sell Bitcoin mining business to NYDIG to focus on AI

Crusoe Energy, a company that captures waste gas from oil to power high-performance compute, is selling its Bitcoin mining business to New York Digital Investment Group (NYDIG) to focus on artificial intelligence.

In a March 25 announcement, Crusoe said it plans to sell its Bitcoin (BTC) mining operation, including its digital flare mitigation business, to NYDIG, subject to regulatory approvals and other consents.

The deal includes Crusoe’s 270 megawatts of power generation technology from more than 425 modular data centers across the United States and Argentina, along with 135 Crusoe employees who will join NYDIG, as no roles will be eliminated as a result of the transaction.

Crusoe was founded in 2018 and pioneered technology that captures waste gas created during oil extraction and refinement that would be normally burned off in a

Crypto influencer Ben ‘Bitboy’ Armstrong arrested in Florida

Crypto influencer Ben Armstrong, also known as “BitBoy,” has been arrested in Florida after disclosing on social media just days ago that a warrant was out for his arrest.

Florida’s Volusia County Division of Corrections listed Armstrong as a fugitive from justice who was taken in custody on March 25 at 7:18 pm local time.

A screenshot of the Volusia Country Corrections website showing details of Ben Armstrong’s arrest. Source: Volusia County Division of Corrections

Days prior, Armstrong said in a March 21 X post that he could “confirm that the warrants for my arrest” were due to sending emails to Cobb County, Georgia Superior Court Judge Kimberly Childs while acting as his own attorney.

He also claimed that Judge Childs had deleted her social media accounts due to the emails.

Source: <a data-ct-non-breakable="null" href="https://x.com/BenArmstrongsX/status/1903072855501295809" rel="nofollow noopener"

Pirating pioneer Napster sells for $207M with plans for music metaverse

Artificial intelligence startup Infinite Reality has acquired the music-pirating app turned music streaming service Napster in a $207 million deal and plans to add a music-focused metaverse.

Infinite Reality said in a March 25 statement that Napster would offer “branded 3D virtual spaces” to allow virtual concerts and “social listening parties” along with the ability to offer virtual merchandise.

“Imagine stepping into a virtual venue to watch an exclusive show with friends, chat with your favorite artist in their own virtual hangout as they drop their new single, and be able to directly buy their exclusive digital and physical merch,” said Napster CEO Jon Vlassopulos, who will continue in his role amid the acquisition.

“The internet has evolved from desktop to mobile, from mobile to social, and now we are entering the immersive era,” he added.

“The most legendary collab?! Infinite Reality has acquired

FDIC moves to eradicate 'reputational risk' category from bank exams

The US Federal Deposit Insurance Corporation, an independent agency of the federal government, is reportedly moving to stop using the “reputational risk” category as a way to supervise banks.

According to a letter sent by the agency’s acting chairman, Travis Hill, to Rep. Dan Meuser on March 24, banking regulators should not use “reputational risk” to scrutinize firms.

“While a bank’s reputation is critically important, most activities that could threaten a bank’s reputation do so through traditional risk channels (e.g., credit risk, market risk, etc.) that supervisors already focus on,” notes the letter, first reported by Politico.

According to the document, the FDIC has completed a “review of all mentions of reputational risk” in its regulations and policy documents and has “plans to eradicate this concept from our regulatory approach.”

Reputational risk and debanking

The Federal Reserve <a data-ct-non-breakable="null"

Bitcoin price has 75% chance of hitting new highs in 2025 — Analyst

Bitcoin network economist Timothy Peterson maintains his optimistic outlook for BTC (BTC), suggesting that there is a 75% chance that the asset will hit new highs in the next nine months.

In a March 25 X post, Peterson highlighted BTC’s current position near the lower bound of its historical range. The analyst emphasized that Bitcoin’s current path aligns with the bottom 25% threshold, giving it majority odds for a positive rally.

Bitcoin 10-year seasonality chart. Source: X.com

Peterson said,

“Here is a 50% chance it will gain 50%+ in the short term.”

Peterson’s statements follow an earlier study that found that most of Bitcoin’s annual bullish performance occurred in April and October, which have averaged 12.98% and 21.98%, respectively, over the past decade.

Bitcoin monthly returns. Source: CoinGlass

GameStop hints at future Bitcoin purchases following board approval

GameStop Corporation (GME), the video game retailer turned memecoin stock, is reportedly moving to invest in Bitcoin after its board unanimously approved a plan to acquire digital assets.

According to a March 25 CNBC report, the company announced that it would use a portion of its corporate cash or future debt issuances to invest in Bitcoin (BTC) and US-dollar-pegged stablecoins.

The plan was further corroborated by the company’s fourth-quarter earnings report, which was released on March 25 and showed intent to acquire Bitcoin and stablecoins.

“[T]he Company’s investment policy permits investments in certain cryptocurrency assets, including Bitcoin and US dollar-denominated stable coins,” the financial statement reads.

GameStop’s cash reserves stood at more than $4.77 billion as of Feb. 1, compared with $921.7 million a year earlier.

The video game retailer posted $1.283 billion in net sales during the fourth quarter and $3.823 billion

Bitcoin sellers lurk in $88K to $90K zone — Is this week’s BTC rally losing steam?

Many Bitcoin (BTC) traders became bullish this week as prices rallied deep into the $88,000 level, but failure to overcome this level in the short term could be a take-profit signal.

Alphractal, a crypto analytics platform, noted that Bitcoin whales have entered short positions at the $88,000 level.

In a recent X post, the platform highlighted that the “Whale Position Sentiment” metric exhibited a sharp reversal in the chart, indicating that major players with a bearish bias have stepped. The metric defines the relationship between the aggregated open interest and trades larger than $1 million across multiple exchanges.

Bitcoin: Whale position sentiment. Source: X

As illustrated in the chart, the two circled regions are synonymous with Bitcoin price falling to the $88,000 level. Alphractal said,

“When the Whale Position Sentiment starts to decline, even if the price temporarily rises, it is a strong signal that whales

SEC closes investigation into Immutable nearly 5 months after Wells notice

Web3 gaming platform Immutable says the US Securities and Exchange Commission has closed its investigation into the company, clearing it of any further action.

Immutable — the firm behind the Ethereum layer-2 ImmutableX — said in a March 25 statement that the SEC shut its inquiry into the firm without finding wrongdoing and “closes the loop on the Wells notice issued by the SEC last year.”

In November, Immutable said it received a Wells notice from the regulator — a letter informing that the SEC is considering an enforcement action, typically sent after it concludes there is evidence of possible securities law violations.

“We are pleased the SEC has concluded its inquiry. This marks a significant milestone for the crypto industry and gaming as we advance towards a future with regulatory clarity,” Immutable president and co-founder Robbie Ferguson said in a statement.

An Immutable

3 reasons why Cardano (ADA) price could be on the path to new highs

Cardano (ADA) gained 8% between March 23 and March 25, once again testing the $0.76 resistance level, which has held for over two weeks. Although still far from its March 3 high of $1.18, traders remain optimistic about further gains. Their confidence is driven by the ongoing efforts of founder and CEO Charles Hoskinson to highlight the network’s advantages and ADA’s potential to industry leaders, particularly within traditional finance markets.

The ADA price surge on March 3 was triggered by US President Donald Trump, who explicitly mentioned Ether (ETH), XRP (XRP), and Cardano on his official social media accounts as leading candidates for the US Digital Asset reserves. However, the Digital Asset Stockpile executive order signed by Trump on March 7 did not include plans to purchase any altcoins, despite his