Daily Crypto News: Coinbase’s 24/7 Futures, Ethereum ETF Outflows, and Bitcoin Market Moves

5 min read March 12, 2025
Lenka Fetyko

Daily Crypto News: Coinbase’s 24/7 Futures, Ethereum ETF Outflows, and Bitcoin Market Moves

Summary of Key Crypto News Listen in Podcast

 

 

1. Coinbase Introduces 24/7 Bitcoin and Ethereum Futures in the U.S.

Coinbase is making waves in the U.S. crypto derivatives market by launching the first-ever CFTC-regulated 24/7 Bitcoin and Ethereum futures. This move aligns the U.S. with global markets, allowing traders to react instantly to market fluctuations. Additionally, Coinbase is developing perpetual-style futures contracts, which lack expiration dates, offering more flexibility. This shift comes as Nasdaq plans to introduce 24-hour stock trading by 2026, reflecting the broader demand for continuous trading.

2. Will TRX Hold or Break Lower?

TRON’s (TRX) price is facing a critical moment as it tests key support levels. A massive transfer of 92.9 million TRX to Binance has raised concerns about increased volatility. While 48% of TRX holders remain in profit, significant portions are still at a loss, which could add selling pressure. Analysts are closely watching whether TRX will hold its support at $0.2185 or face a deeper correction.

3. Bitwise Launches Bitcoin Standard Corporations ETF (OWNB)

Bitwise has launched the Bitcoin Standard Corporations ETF (OWNB), which tracks companies holding large amounts of Bitcoin. Holdings include Michael Saylor’s MicroStrategy, Bitcoin mining firms, and investment companies. With corporate Bitcoin reserves now exceeding $54 billion, this ETF offers indirect Bitcoin exposure to investors. Meanwhile, institutional demand for Bitcoin continues growing, with firms like Cantor Fitzgerald launching a $2 billion digital asset financing business.

4. Bitcoin Correction “Very Normal” – Arthur Hayes Predicts $70K Bottom

Arthur Hayes, former CEO of BitMEX, suggests that Bitcoin could bottom out around $70,000, marking a routine 36% correction from its recent all-time high of $108,000. He attributes this drop to macroeconomic factors and believes central banks’ potential quantitative easing (QE) could trigger the next Bitcoin rally. Despite the correction, indicators suggest a potential trend reversal in the near future.

5. Japanese Firm Metaplanet Continues Buying Bitcoin

Tokyo-listed investment firm Metaplanet has increased its Bitcoin holdings to 3,050 BTC after purchasing 162 more BTC for $13.5 million. Despite Bitcoin’s price dip, Metaplanet remains bullish, aiming to hold 10,000 BTC by the end of 2025 and 21,000 BTC by 2026. The firm’s stock surged 8% following the latest purchase.

6. Ethereum ETFs Face $22 Million in Outflows

Ethereum ETFs have recorded five consecutive days of outflows, with BlackRock’s iShares Ethereum Trust seeing the largest withdrawals. Analysts believe the lack of staking options has disappointed investors. However, Fidelity is pushing to introduce staking in its Ethereum ETF, a move that could attract more interest if approved by regulators.

7. Deutsche Börse Launches Institutional Crypto Custody

Financial giant Deutsche Börse is launching a crypto custody service for institutions through Clearstream, initially supporting Bitcoin and Ethereum. The move aims to provide a regulated solution for secure crypto storage, aligning with Europe’s Markets in Crypto-Assets (MiCA) regulations. This follows Deutsche Börse’s growing involvement in crypto, including the launch of the Deutsche Börse Digital Exchange (DBDX).

8. OKX Under Scrutiny for Alleged Ties to Bybit Hack

OKX is under investigation by EU regulators for allegedly being used to launder funds from Bybit’s $1.5 billion hack. Authorities are evaluating whether OKX’s Web3 tools comply with MiCA regulations, with the possibility of the exchange losing its license. OKX denies the allegations, emphasizing that its Web3 wallets operate on a self-custody principle.

9. Bitcoin Struggles Below $82K, but Coinbase Premium Rises

Bitcoin continues to trade under $82,000, but the Coinbase Premium—a measure of institutional demand—has been forming higher lows, hinting at accumulation by U.S.-based investors. However, miner selling pressure remains high, contributing to short-term uncertainty. Analysts suggest watching for signs of a breakout or further decline.

10. Fidelity Proposes Staking for Ethereum ETF

Fidelity has proposed a rule change to allow staking in its Ethereum ETF, a move that could make it the first U.S. spot ETH ETF to offer staking rewards. The SEC is expected to decide within 45 days. If approved, this could attract more investors by allowing them to earn passive income through Ethereum staking.

11. Bitcoin Whales Accumulate 65,000 BTC Despite Market Uncertainty

Over the past 30 days, Bitcoin whales have acquired 65,000 BTC, signaling sustained buying pressure despite the market correction. Analysts note that the Coinbase premium is forming higher lows, indicating continued institutional interest. While short-term price action remains volatile, long-term accumulation suggests a bullish structure.

12. Michael Saylor Proposes U.S. Bitcoin Reserve to Generate $81 Trillion

MicroStrategy’s Michael Saylor has urged the U.S. government to create a Strategic Bitcoin Reserve (SBR), arguing that it could generate $81 trillion by 2045 and help offset national debt. He suggests the U.S. acquire 5-25% of the Bitcoin network through daily purchases, positioning Bitcoin as a national financial asset. His proposal is gaining traction among policymakers as the U.S. explores its crypto strategy.

The crypto landscape continues evolving with regulatory shifts, institutional adoption, and market volatility shaping its future.

Source: https://altfins.com/crypto/editorsPicks

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